Is Costco Still a Buy After Rising 16% This Year?

Is Costco Still a Buy After Rising 16% This Year?

Deemed an essential business, Costco Wholesale (NASDAQ: COST) has been able to keep its doors open and operate during the coronavirus pandemic. The value proposition of a Costco membership has seemingly never been stronger, and the stock has followed suit, rising 16% year to date. Costco's revenue in July jumped 14.1% from the prior-year period, and e-commerce sales skyrocketed 75.3%.