Costco (COST) has turned into the ultimate safe-haven investment (yet again) as markets have gotten uprooted due to the Russian war on Ukraine.
Shares of the warehouse giant have gained about 8% since the war began in late February. The S&P 500 and Nasdaq Composite are down slightly during that same span. Walmart’s stock (WMT) is up 5%
The buying activity likely reflects several factors.
First is that Costco is a mostly U.S.-focused operation, meaning less relative geopolitical risk to the…
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