Bearish on COST?
COST has done unbelievable the past year and I bought into the hype around two weeks before earnings (got into stocks this year so unfortunately missed the mark). I believe Costco is an amazing company for many reasons, but after they missed revenue on this last earnings, I’m curious as to if their bull run is over. Its obvious the stock is overvalued and I’m worried that the stock will continue similar to how it did from March 22-23 and that I’ve simply missed the mark. I do believe that the stock would certainly be boosted by a membership raise/stock split, but who knows when either of those things will occur.
Im thinking of just reallocating my COST stock into FXAIX/VT, which is where I have the money im not touching for decades. Should I wait it out for the year and see how COST does or just take my money and put it into these funds?
Im thinking of just reallocating my COST stock into FXAIX/VT, which is where I have the money im not touching for decades. Should I wait it out for the year and see how COST does or just take my money and put it into these funds?
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EnjoyTheProcess : I think hold and see for a one more week first. Costo has been refueling for a good 2 weeks now, and is primed for a breakout upwards to fill the gap between 756 and 785. The membership increase is a "when" not "if" issue according to their guidance last ER. The warehouse club retailers sector as a whole are doing well. Target, Walmart all doing great, so no reason to think that Costco should slump at this moment. After this week, i think the direction will be more clear. Just my two cents. Cheers!