COST Costco Wholesale
Forget Tesla. Costco is the true cult stock. It trades at 49x earnings, 10x points higher than Netflix, despite growing profits half as fast. The chart shows a rounding top testing the 100-week EMA, a historically strong level of support. Deeply oversold momentum signals a relief bounce may be near, yet with single-digit (9% CAGR) forward growth backing a premium multiple, the valuation remains stretched.