Costco ($COST) Approaches Buy Zone Amid Weak Consumer Sentiment; Analysts Eye $805 Support Level, Potential 790-785 Range

Market analysts are closely monitoring Costco's stock performance, particularly as consumer sentiment appears to weaken. Observations indicate that Costco ($COST) is approaching a potential buy zone, despite concerns about soft consumer demand. Some analysts suggest that Costco typically holds its value during such downturns, while others note that the stock may face challenges if it breaks below key support levels. Predictions indicate that if Costco's stock falls below $805, it could decline further, potentially reaching lows between $790 and $785. Additionally, Abercrombie & Fitch ($ANF) is also being viewed positively by some analysts amid the current market conditions.