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Costco, Stock Of The Day, Breaks Out Amid Rising Profit Estimates, Surging Gold Sales

Costco, Stock Of The Day, Breaks Out Amid Rising Profit Estimates, Surging Gold Sales

Costco is the IBD Stock Of The Day as robust monthly sales data bolster rising profit estimates. Costco stock broke out Thursday ahead of its earnings report later in May. On Thursday, Walmart gave an optimistic outlook amid a dip in inflation, while beating earnings estimates for its latest quarter.