The host notes Costco hit a new all-time high and its long-term uptrend remains intact, arguing short-term shocks do not derail star companies' long-term uptrends.

COST dips keep getting bought and the host expects it to make a new all-time high in the short term.

The host discloses a $93,000 Costco position with $59,000 in gains, sees the $30 special dividend as proof of its cash-generating model, and plans to simply keep holding.

Costco keeps grinding higher and looks set for a new all-time high above 1096.50 later this week; from there it either breaks out toward $1200 in a multi-week rally or stalls into a long base.

COST is one of the consumer staples grinding higher and looks likely to reach a new all-time high above 1096.50 later in the week, but with RSI moving into overbought territory it could either produce a multi-week vertical rally toward 1200 dollars or stall and base for a long time like LLY did. He explicitly says he is not sure which one will play out and has to wait.

Costco keeps grinding higher and looks set for a new all-time high above 1096.50 later this week; from there it either breaks out toward $1200 in a multi-week rally or stalls into a long base.

COST is one of the consumer staples grinding higher and looks likely to reach a new all-time high above 1096.50 later in the week, but with RSI moving into overbought territory it could either produce a multi-week vertical rally toward 1200 dollars or stall and base for a long time like LLY did. He explicitly says he is not sure which one will play out and has to wait.

Costco is overlooked because of its high multiple, yet it is up 21% year-to-date and beating both major indices — crushing it this year.

He cited COST as one of the consumer-staples and safety-trade names doing well, but gave no forward direction, target, or timing.