Costco Wholesale Corp
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. It’s not time to be greedy Oil drops Quick mentions: WMT, COST, DHR, CRM, LLY AMD earnings this week 1. It’s not time to be greedy Stocks were a mixed […]
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Our confidence in Costco is not shaken by Walmart’s woes. Here’s why
We continue to believe in Costco, even as retailers like Walmart warn of profit erosion ahead. Source
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Costco is well positioned for inflation and shifts in consumer spending, Jefferies says
Costco is one of the best bets for investors to navigate a turbulent period for consumer stocks, according to Jefferies. Retail stocks were under pressure on Tuesday morning after Walmart lowered its guidance , saying that inflation was changing consumer spending and forcing the company to lower prices to move some items, such as apparel. […]
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Walmart’s profit warning shows inflation is still a big problem. Here’s our take
One would have thought that a Walmart guidance cut was already priced into the stock. But clearly, it was not. Source
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Amazon sinks after Walmart lowers profit outlook on inflation concerns
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted […]
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Stocks making the biggest moves after hours: Walmart, Target, Whirlpool and more
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas. Rick Wilking | Reuters Check out the companies making headlines after hours. Walmart — Shares dropped more than 8% in extended trading Monday after the retailer lowered its quarterly and full-year profit forecast, citing sharply rising food inflation that is hurting consumer spending on general […]
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3 factors to keep in mind heading into the busiest week of earnings
As we look ahead into the week ahead, some of the biggest names in tech will report. Source
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Stocks making the biggest moves midday: JPMorgan Chase, Goldman Sachs, Conagra Brands and more
Pedestrians pass in front of a JPMorgan & Chase bank branch automated teller machine (ATM) kiosk in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares of JPMorgan Chase sunk 3.49% and hit a 52-week low after the bank reported quarterly […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’
Bank of America slashed its S&P 500 price target to 3,600 from 4,500, the lowest year-end target on Wall Street. Source
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Deutsche Bank upgrades Costco to buy, says club business model will outperform in uncertain economy
Costco makes sense for investors and consumers during a time of economic turmoil, according to Deutsche Bank. Analyst Krisztina Katai upgraded the retail stock to buy from hold, saying in a note to clients that Costco appears poised to outperform its peers. “COST is one of the most consistent operators in our group, and its […]
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