Costco - Best S&P100 Stock

Summary

• 100% technical buy signals.
• 14 new highs and up 12.97% in the last month.
• 41.71% gain in the last year.

The Barchart Chart of the Day belong to the warehouse retailer Costco (Nasdaq: COST).  I found the stock by sorting the S&P 100 Index stocks first by the most frequent number of new highs in the last month then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 10/20 the stock gained 16.36%.

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. It also operates pharmacies, opticals, food courts, hearing-aid centers, and tire installation centers, as well as 636 gas stations; and offers business delivery, travel, same-day grocery, and various other services online in various countries. As of August 29, 2021, the company operated 815 membership warehouses, including 564 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, 1 in Iceland, 1 in France, and 1 in China. It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

Barchart technical indicators:

• 100% technical buy signals
• 53.94+ Weighted Alpha
• 41.71% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.97% in the last month
• Relative Strength Index 81.17%
• Technical support level at 537.41
• Recently traded at 546.27 with a 50 day moving average of 481.59

Fundamental factors:

• Market Cap $241 billion
• P/E 48.70
• Dividend yield .59%
• Revenue expected to grow 9.40% this year and another 7.60% next year
• Earnings estimated to increase 10.00% this year, an additional 10.20% next year and continue to compound at an annual rate of 11.70% for the next 5 years
• Wall Street analysts issued 15 strong buy 7 buy, 10 hold and 2 under perform recommendations on the stock
• The individual investors following the stock on Motley Fool voted 5,164 to 177 that the stock will beat the market with the more experienced investors in agreement with a vote of 1,382 to 22 for the same result
• 183,720 investors are monitoring the stock on Seeking Alpha