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MarketBeat
MarketBeat
Dan Schmidt

Why Costco Stock May Struggle Even as Its Business Thrives

Costco COST United States MarketBeat

Now that Walmart Corp (NYSE: WMT) has reported a blowout quarter, investors’ eyes are turning to Costco Wholesale Club Inc. (NASDAQ: COST) to see if it can break out of its year-long funk. Costco’s earnings aren’t scheduled until Dec.11, but the company does offer monthly sales reports that could hint at the stock’s next move.

COST shares are down 10% over the last three months, erasing all of the company’s year-to-date (YTD) gains and putting the stock near crucial technical levels. Is it finally time to buy, or is there more downside ahead?

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