Costco Wholesale Corporation (COST)

(Note the short timeframe.)
Chosen on the theme of defensive retailers. Retailers have been mixed since then, but this one's done well. Otherwise, the sector's been steady and showing growth throughout the year.

Well, that's about his position in this name, which he's been holding since ~$300. Now approaching $1000. He trims, but in a minor way. You'd want to wait for a position to top off.

Excellent company that continues to dominate. Would recommend holding - no reason to sell. Share price not cheap, but company has earned high valuation. Would wait before investing - but if investing - would recommend holding for the long term. 

For consumer staples, he likes to stick close to him. A name that's done very well for client portfolios. Not many names are similar, so it can price accordingly; significant leverage in negotiations.

It's wrong to think its imported foods will get hit by Trump tariffs. Most of its business is driven by membership fees, and they offer low prices to customers. If this opens weak tomorrow, buy.

He doesn't think a recession is around the corner, so he'd favour big-growth COST for continued mid-cycle economic growth in consumer staples.

Has done well. Happy to hold.

One of the favourite names in his portfolio, one of his favourite places to go. Fantastic technicals with higher highs and higher lows. Valuation of 53x forward PE is up there, premium for a premium name in its own space. He's trimmed. 10-12% earnings growth rate, which sounds expensive but it has no real competitors, not even WMT.

Spectacular company, huge competitive advantages. Trades at 60x earnings. Problem is there's nothing he knows about COST that everybody else doesn't already know. He's always looking for an edge that the market doesn't have; if he can't find it, he doesn't buy.

Its P/E is high at 50X earnings which used to 36X. It is a dominant player but revenue growth this year is only 5%. It probably goes sideways so wait for a correction.

Was upgraded today. They have amazing e-commerce while Walmart has faded. A top-25 company in the world. Must own.

Stay with it. They have the right model for the consumer in this economic climate. A long-term holding for him.

Very good business, but the valuation is very high (~50x earnings). Would recommend investors wait before investing. Membership business very strong with excellent product offering. 

Defensive retailers have been picking up in relative strength. DOL is #2 in Canada, COST is #1 in the US. WMT is also moving up into the top-favoured green zone, now in the top 10 of his RSI universe for the US. Yield is 0.5%.

Superior retailer, steady and consistent revenue and bottom line growth for at least a decade. If you don't need cash tomorrow, it's always been a mistake to sell. Not huge growth (~6-8% topline, 11-12% bottom line), but growth nonetheless quarter after quarter. 

Historically trades around 30x earnings, a deserved premium. Announced subscription increase and stock took off along with the multiple at close to 50x. Lots of exuberance in the stock, be cautious. Wait for pullback to $700 level.