Richard Galanti

Costco benefits from doomsday preppers

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Fg Trade | E+ | Getty Images Among the cans of tuna and flashlights in doomsday preppers’ closets, there is an increasingly popular staple — gold bars. The recent rise in value of the yellow metal is not just another chapter of favorable economic conditions for the asset, experts say. People’s interest in gold — … Read more

Costco sales did not clear high bar, but other financials move in right direction

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Costco Wholesale reported solid fiscal 2024 second-quarter results after Thursday’s closing bell, but the stock fell in extended trading due to a slight miss on sales and margins. Given their recent run-up, we would expect that pressure on shares to continue Friday. However, the quarter wasn’t thesis-changing to the powerful Costco business model that excels … Read more