Looking to add a retailer and can't think of a better company than Costco. I know it has run up a bit but I've been looking to start a position in this company for a while. I've noticed that a lot of top retailers are selling off even after good earning reports because of high expectations. It seems to be a trend across retail to buy the stock in anticipation of earnings and sell it before the announcement because even if they beat expectations, the beat is already priced in. Is that the case for Costco as well? Should I wait until after earnings or is the upside worth the risk that they might report earnings well above expectations?
Maybe I can buy a little before and if it dips dollar cost average and buy the dip because no matter what I intend on holding and not trading. I am 33 years old.
Submitted May 29, 2018 at 10:54PM by digitalradiohead https://ift.tt/2JgRdIF
