Costco Wholesale (COST) stock has become the Palantir Technologies (PLTR) of retailing, with a rich valuation and a cult investor following to match. Investors should start heading for the exit, Andrew Bary writes in this week’s edition of Barron’s. There’s nothing wrong with Costco’s business, but the stock looks expensive next to growth-stock favorites Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA) and MasterCard (MA), the author notes.
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Read More on MA:
- MasterCard completes acquisition of Recorded Future
- MasterCard boosts dividend, Jabil reports Q1 beat: Morning Buzz
- MasterCard price target raised to $654 from $564 at Morgan Stanley
- CFPB again taking aim at credit card industry, rewards programs, WaPo reports
- Mastercard (MA) Boosts Shareholder Returns with Buyback and Dividend Hike
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
