This Stock Has Displayed Impressive Growth in 2018

Costco Wholesale Corp. (NASDAQ: COST)

Costco has displayed impressive growth throughout 2018 and shares in the company have also managed to stay up in the opening days of September. This shows a resilience that is usually limited to the largest cap stocks.

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Costco’s core business is membership shopping for consumers and small businesses. Revenue is derived from memberships as well as goods sold, making for a highly profitable business model. Despite online retail rising in popularity, Costco has not suffered. This is due to its low-cost and all-under-one-roof model. The company offersconvenience as well as competitive prices.

Investor confidence is high this week, thanks to continued growth for the company. Revenue has increased consistently for the last five years running. At the end of FY17, the company raised total sales revenue by 8.68%, the highest in five years. Gross income also reached its peak at the same time.

Future growth is expected as Costco expands heavily in overseas markets. A new $78M investment in an Australian facility will give Costco access to a market of over 20 Million consumers by March 2019. Growth and historical performance make this stock extremely appealing towards the end of this year.

Key Data:

  • 1 Year Price Growth:                   95%
  • YTD Price Growth:                      59%
  • 3 Month Sock Price Growth:     31%

 

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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