One of Wall Street's top-performing stocks is perfectly positioned to announce a stock split later this week.For much of the last two years, Wall Street and investors have been fixated on the artificial intelligence (AI) revolution. But what they might not realize is how important stock-split euphoria has been for pushing Wall Street's major indexes higher in 2024.A stock split is a tool public companies have at their disposal that allows them to superficially adjust their share price and outstanding share ...

Costco (NASDAQ: COST ) is an exceptional business. However, I believe whilst the company provides great value for its customers, it is not attractive for investors at the moment. I have a bearish view on the stock:Providing alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my perfor ...

\The word "Netflix" shines brightly at the presentation of the new season (3) of the Netflix series "Bridgerton" in the Flora.As the earnings reporting season draws to a close, many companies were able to deliver solid results despite pressures on consumer spending.Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts.Bearing that in mind, here are three stocks favored by the Street's top pros, according t ...

There's more than meets the eye when it comes to the membership-based wholesale retailer's dividend.Costco (COST 0.69%) shareholders have had an incredible run. Shares are up 60% over the last year and 208% over the past five. This obliterates the S&P 500's returns during both periods. Wall Street clearly loves this membership-based wholesale retailer's stock. But what is it, exactly, about Costco that investors love?We all know investors love the company's business model, which flexes its scale to provide ...

The P/E ratio is at a multiyear high.The stock of Costco Wholesale (COST 0.69%) continues to appear unstoppable. It has risen by more than 35% this year. Given the strength of its business and a recent membership price increase, the optimism surrounding this stock appears elevated.However, this situation leaves new investors wondering what to do. Are the continued increases a sign that the retail stock's valuation doesn't matter, or are investors who buy now setting themselves up for months or years of pain ...

Analysts' Estimates for Q4 2024Q3 2024Q4 2023Revenue$80 billion$58.52 billion$78.94 billionDiluted EPS$5.10$3.78$4.86Net Income$2.26 billion$1.68 billion$2.16 billion Key Metric: Digital Sales Growth Costco's leadership has signaled plans to catch up to rivals who have a larger share of digital sales, as the retailer has lagged in online shopping, Morgan Stanley analysts wrote earlier this month. In last quarter's earnings call, Costco leadership said e-commerce sales grew more than 20% year-over-year as ...

Costco (COST) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended August 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 26. O ...

Investors are always looking for stocks that are poised to beat at earnings season and Costco Wholesale Corporation (COST) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Costco Wholesale is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

E-commerce could be a huge opportunity for Costco Wholesale in the years ahead.A top retail stock to own this year has undoubtedly been Costco Wholesale (COST -0.53%). Its shares are up more than 35% since January as it has been hitting new all-time highs along the way. Not only is it a stable investment given its extremely popular warehouses, but the company has also continually found ways to grow its business.You might think that with the stock now trading at more than 50 times earnings and the economy po ...

Retail sales showed a surprise 0.1% gain in August, contributing to today's broader market tailwinds and boosting Treasury yields. Despite the better-than-expected reading, shares of Target Corp (NYSE:TGT), TJX Companies Inc (NYSE:TJX), and Costco Wholesale Corporation (NASDAQ:COST) were last seen trading well within negative territory.TGT is down 0.2% to trade at $152.53 at last glance, after the company yesterday announced it will hire 100,000 workers for the holiday season. The equity surged to its highe ...