2024-03-24 10:30:00 ET
It's not just companies with exposure to the hypergrowth artificial intelligence space that have registered huge returns. Even a boring retailer, such as Costco (NASDAQ: COST) , is up big. Its shares have more than tripled just in the last five years. For comparison's sake, the S&P 500 is up 86% during the same time.
This has undoubtedly been a magnificent stock. It's already up double digits in 2024 (as of March 21) as the momentum continues. And it was a longtime favorite of the late great Charlie Munger .
However, you shouldn't buy Costco shares right now. There's a very obvious reason for that.
For further details see:
Costco Is a Magnificent Stock. Here's Why You Shouldn't Buy It Right Now