Yahoo Finance Live anchors discuss how meme stock traders are targeting Costco’s hot dogs.
The warehouse retailing niche might avoid the same profit challenges that have hurt other companies.
The overall stock market has been struggling with the Dow Jones Industrial Average heading for its eighth straight losing week. For retail stocks including Target (NYSE: TGT), Costco Wholesale (NASDAQ: COST), and Kohl's (NYSE: KSS), this past week has been the worst of them all. As of Friday midmorning trading, Target shares had dropped a whopping 30% for the week.