Missed the Rally in Costco Stock? 2 Beaten-Down Retailers to Buy Now

Their stocks have underperformed, but only due to short-term worries.Costco (COST 1.01%) has a habit of proving the skeptics wrong. Having started 2024 at a premium price compared to its rivals, the warehouse retailer has gone on to outperform peers again while touching new highs. Shares are up a blazing 45% in the past 12 months compared to Walmart's 20% gain.Costco has a good shot at maintaining that positive momentum. However, many investors are concerned about its premium valuation and what that might m ...