Costco Just Hit $1,000. Is This the Year to 'Sell in May' Even on the Safest Stocks?

"Paid memberships hit 82.1 million, with an 89.7% worldwide renewal rate, and membership fee income grew 13.6% to $1.355 billion. CFO Gary Millerchip described the consumer this way on the Q2 earnings call: "Members are focused on quality, value, and new, exciting items. When we meet these expectations, members seem willing and able to spend.""

Costco closed near $1,000 per share and sits just above a psychologically important level. The stock is up strongly year to date while showing little improvement over the trailing twelve months, and it trades at high valuation multiples for retail. Consumer sentiment fell to a record low, and several executives sold shares in early 2026. The trimming case cites tougher comparisons after recent gains, prior resistance around $1,000, and a higher bar for the back half of the year. The counterpoints include strong paid memberships, high renewal rates, rising membership fee income, and commentary that members prioritize quality, value, and new items. Summer seasonality and higher analyst targets support a bullish outlook.

Read at 24/7 Wall St.