Costco doesn't follow the stage 3 to stage 4 breakdown that pattern traders expect, because its fundamentals don't allow it and institutions are willing to pay a premium valuation for its stability. That replies to @ohiain, who notes Costco hit fresh all-time highs as institutional money rotates back toward defensive leadership. x.com 

Costco is the preferred hedge against OpenAI's much higher valuation relative to revenue. Costco's cited $441B valuation comes with $275B revenue, versus OpenAI's $1.4T valuation and $50B revenue. x.com 

Costco deserves to go nowhere at a 40+ P/E, a valuation that is simply too high for even a well-loved business. x.com 

Procter & Gamble is highly likely to keep lagging the S&P 500 over the next 10 to 20 years, as it has this century. Store brands like Costco's Kirkland and Amazon's are no longer seen as inferior, which has changed its story, and few of its brands are must-haves besides Gillette. Elevated petroleum-based input costs for plastics and energy cast doubt on its safety-stock status. At $139, EV/EBIT is about 16 and forward P/E just under 20, so it suits only those wanting a bond proxy. x.com 

Costco is one of the few businesses likely to keep growing around 10% for the next 10-15 years, which makes a large drawdown doubtful. It has a large growth runway outside the US and Canada, with Asia especially promising, very low membership churn, and scale economies shared with members, so it grows more efficient as it expands. An aging population also helps. x.com  x.com  x.com 

Costco is an amazing company, but at roughly 40x forward earnings its stock is pricing in a lot of perfection. x.com 

Scared money is flowing into Costco as a flight to safety, driving a box breakout. It may not be the best choice, but fearful buyers are not being selective right now. x.com 

Costco looks like a runner in the making after consolidating for over 70 days, backed by strong membership renewal rates and a dividend increase. The weekly 21 EMA has proven a key pivot, and a move above 1,028 would confirm the breakout. x.com  x.com 

Costco's premium multiple looks unsustainable, at 40 times next-twelve-month earnings with EPS growing only about 10%. Stocks with PEG ratios like that are not worth owning, as multiple cuts at former compounders such as FICO and Intuitive Surgical showed. x.com  x.com 

Costco's commitment to employees, such as covering a family's health care needs and adjusting work schedules for hard circumstances, drives a virtuous cycle. Being a good employer and corporate citizen and treating consumers honestly and fairly is rewarded with strong loyalty and financial success. x.com