Can Costco Stock Hit New Highs as Interest Rates Drop?
Costco(COST) MarketBeat·2024-09-28 01:33
An apparent tailwind hit yesterday's value stocks, a new development seen in the declining shares of Costco Wholesale Co. NASDAQ: COST after the company released its latest set of quarterly earnings this week. Costco stock is now down over 2% after the report, a bearish sentiment that comes despite the Federal Reserve (the Fed) recently cutting interest rates by the most since the 2008 financial crisis.However, some investors argue these rate cuts might have been priced into stocks like Costco and Walmart I ...