Oil futures were slightly up in pre-holiday trading on Tuesday, remaining within a narrow range. The support for prices comes from concerns over geopolitical tensions in Russia and the Middle East, while pressure is seen from expectations of a crude surplus due to uncertain demand. Overall, the market is holding steady amidst these opposing factors as traders navigate the complex landscape.
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Can Costco Wholesale Be a Safe Haven Stock to Hold Amid Market Volatility?
The stock market is struggling, particularly the retail sector, with the SPDR S&P Retail ETF down over 14% this year, while Costco Wholesale (COST) has seen a 6% increase. Costco's strong business model and ability to negotiate low prices make it resilient amid tariff impacts, although its stock is now trading at a high price-to-earnings ratio of over 56, well above its five-year average. Despite Costco's solid fundamentals, concerns about its valuation and potential recession...
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