Can Costco Keep Going?
The following video is from Thursday's Investor Beat, in which host Chris Hill and analysts Andy Cross and Matt Koppenheffer dissect the hardest-hitting investing stories of the day.
Shares of Costco hit an all-time high on Thursday after the retailer reported a 19% increase in third-quarter profits. Costco racked up strong sales in both its domestic and international stores. What's behind Costco's success? Will the retailer continue to be a big hit with investors? In this installment of Investor Beat, our analysts take a look into this story, as well as highlight the four biggest movers on Thursday's market and pick out two stocks that will be high on their watch list this week.
Costco's low prices haven't just benefited customers -- shareholders have walloped the market, returning 11,000% over the past two decades. However, with prices near all-time highs, is the ride over for Costco investors? To answer that and more, The Motley Fool's compiled a premium research report with in-depth analysis on Costco. Simply click here now to gain instant access to this valuable investor's resource.
The article Can Costco Keep Going? originally appeared on Fool.com.
Andy Cross owns shares of Berkshire Hathaway. Chris Hill has no position in any stocks mentioned. Matt Koppenheffer owns shares of Berkshire Hathaway and Bank of America. The Motley Fool recommends and owns shares of Berkshire Hathaway and Costco Wholesale. It owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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