A Little Cost Slippage
Image Source: Unsplash
Costco (COST) is one of the most reliable stocks in the world. They may have a P/E in the mid-50s, but the market figures show enough buyers of industrial-sized mayonnaise vats to keep the party going.
Even so, on the heels of its earnings report this afternoon, COST is slipping a little. It had a weird spike at first, as if people had the press release flipped upside-down or something, but in short order COST went from a big spike up to a small spike down.
More By This Author:
The New MU Revue
Let There Be Darkness
Tesla Approaches Key Resistance Levels Ahead Of Anticipated Robotaxi Event
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
more