Costco (COST) continues to execute well in a tough operating environment, according to a Telsey analyst. Joseph Feldman discusses big box retail. He talks about how COST reported a better-than-expected January comp. of 5.6%. He also goes over other retail stocks to watch in 2023 which includes Bed Bath & Beyond (BBBY), Target (TGT) and Walmart (WMT). He notes that WMT has long-term plans to continue to capitalize on its opportunity to add value. He then goes over how Target (TGT) should be able to gain market share, driven by its value-offering and company-specific initiatives.
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