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Costco's Correction: Warning Signal Or Buying Opportunity?

from Seeking Alpha

Costco just revealed its first-quarter earnings from the 2019 fiscal year. Sales easily beat expectations while earnings came in short. That's not everything. The stock took an ugly hit after earnings, dropping more than 8 percent. The problem once again is rising costs and falling margins. This in addition to peaking consumer sentiment creates a situation that traders seem to avoid by selling even the best consumer stocks on the market. more

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