Costco, Nvidia Lauded by AAP’s Versace

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The Street

By Dan Weil Costco shares have slid 12% so far this year, and Nvidia shares have slumped 37%. Chris Versace of TheStreet.com’s Action Alerts Plus team offered positive commentary on Costco (COST) – Get Costco Wholesale Corporation Report and Nvidia (NVDA) – Get NVIDIA Corporation Report Friday. “[Costco] by the very nature of its business model, consumers are going to flock there to help stretch their disposable spending dollars,” he said. “But let’s remember too that Costco is a very different type of retailer.” That’s because of its membership business model. Memberships provide about 70% of…

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