Costco Stock Is Up by Around 30% in the First Half of This Year. Can the Growth Continue in the Second Half of 2024?

A great company may not amount to an excellent stock pick in this case.Costco (COST -0.07%) stock seems unstoppable. Even though the business's growth levels have fallen short of past years, the retail stock is up 30% so far this year.Still, investors have to remember that Costco grows its warehouse count relatively slowly, counting on renewals and increasing sales at razor-thin margins to drive its growth. Will such an approach be enough to grow the stock price by another 30% in the second half of 2024? Le ...