Costco Wholesale stock saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before. The retail stock has a 94 Relative Strength Rating.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Is Costco Wholesale Stock A Buy?
Costco Wholesale is now extended and out of buy range after clearing the 787.08 buy point in a cup without handle. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
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The retail stock sports a 90 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Costco Earnings
In Q3, the warehouse-style retailer reported 10% EPS growth. Revenue growth rose 9%, up from 6% in the prior quarter. That marks one quarter of increasing revenue growth.
Costco Wholesale stock holds the No. 2 rank among its peers in the Retail-Major Discount Chains industry group. Walmart is the top-ranked stock within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
