Buy the Spike in Costco Stock After Earnings?

Exceeding expectations for its fiscal third quarter after-market hours on Thursday, Costco Wholesale (COST)  stock has spiked +4% in today’s trading session. The bulk food and general merchandise provider has been able to weather market volatility, with COST now up +14% year to date and sitting on gains of over +120% in the last three years.Still, as one of the largest warehouse operators, Costco stock does carry a hefty price tag of over $1,000 a share, making it a worthy topic to decide whether now is a g ...