Below is a brief note from CEO Keith McCullough on why we're removing Costco Wholesale Corporation (COST) from the long side of Investing Ideas today:
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"Again, this is a “macro overlay” call that has more to do with taking down exposure to our best long ideas given changing market risks than it does the companies themselves. COST is +3.2% on the day at the time of this note." |
**No change to Hedgeye Consumer Staples analyst Howard Penney's fundamental long thesis on Costco. Click here to read our analyst's original stock report on the company.
