Chart of the Day - Costco Wholesale (COST)

The "Chart of the Day" is Costco Wholesale (COST), which showed up on Thursday's Barchart "All-Time High" list. Costco on Thursday posted an outside day up to hit a new all-time high of $93.00 and close up +1.75%. TrendSpotter has been long since June 5 at $86.77. In recent news on the stock, Deutsche Bank on June 28 upgraded Costco to Buy from Hold with a $107 price target, citing strong same-store sales trends and expectations for margin improvement. Costco Wholesale, with a market cap of $40 billion, operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover.