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Costco’s Domestic Focus Offer Haven From War Shocks, Analysts Say

  • Warehouse retailer has bulk of operations in North America
  • Discounted gas may draw shoppers as U.S. prices soar

Costco Wholesale Corp. extended its rally as analysts touted the retailer’s safer domestic focus while Russia’s invasion of Ukraine sends shock waves through markets around the world.

The stock, up as much as 2.1% on Tuesday, has gained every day except one after the war broke out, and has advanced about 8% overall since then. That’s better than the drop of about 1.2% in the S&P 500 Consumer Staples Index, and an almost flat return for the broader S&P 500.