Costco Stock Pops to Pre-Earnings Record High

Shares of Costco Wholesale Corporation (NASDAQ:COST) are 1% higher at $1,003.43 at last glance, and earlier touched an all-time high of $1,007.80. These tailwinds follow a federal judge's decision to block the merger between sector peers Albertsons (ACI) and Kroger (KR), with the former now suing the latter for "billions of dollars" in damages.This positive price action also takes place before the wholesale retail giant enters the earnings confessional, scheduled to post fiscal first-quarter results after t ...