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3 Must-Watch Blue-Chip Retail Stocks to Navigate September Market
ZACKS· 2024-09-16 20:01
September is often marked by increased market volatility, a phenomenon known as the "September Effect," which can lead to declines in equity markets due to economic factors, investor caution or profit-taking. This year, the stakes are even higher as the market closely watches the Federal Reserve’s two-day meeting starting Tuesday, where policymakers are expected to announce the first interest rate cut in more than four years.A Fed rate cut, seen as a move to stimulate economic growth, could provide a tempor ...
Costco (COST) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2024-09-12 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Devel ...
Strength in Key Markets and E-commerce Drives Costco's Sales
ZACKS· 2024-09-11 15:41
Costco Wholesale Corporation (COST) continues to showcase decent performance, propelled by its strategic emphasis on key markets and e-commerce initiatives. The company's recent sales figures underscore the effectiveness of its business strategy, supported by competitive pricing and robust membership trends.Costco's ability to navigate challenges effectively emphasizes its dominant market position. This Issaquah, WA-based company reported net sales of $78.2 billion for the 16 weeks ended Sep. 1, 2024, refle ...
Prediction: Costco Will Be a $500 Billion Stock by 2026
The Motley Fool· 2024-09-11 09:06
Costco stock is beating the market this year, as usual.There are only seven trillion-dollar publicly traded stocks today: Apple, Microsoft, Amazon, Nvidia, Alphabet, Meta Platforms, and Berkshire Hathaway. There are another 10 stocks that have a market value of more than half a billion. Just like Berkshire Hathaway only recently became a trillion-dollar stock, these other 10 are excellent stocks that are likely to join the club at some point in the future.Then there are a few more just behind those. Costco ...
Is Holding Costco Stock the Best Strategy Post-August Sales Results?
ZACKS· 2024-09-10 15:05
Costco Wholesale Corporation (COST) , known for its membership-based warehouse model, recently came out with sales results for August. The data provides fresh insights into the company’s performance amid a dynamic retail landscape. For investors weighing their options, the key question is whether holding Costco stock remains the best strategy or if adjustments are warranted.Costco’s August Sales Reflect Continued DemandCostco has once again demonstrated its resilience. With inflationary pressures affecting ...
Costco's Market Reign Continues With Solid August Sales Performance
ZACKS· 2024-09-09 14:11
Costco Wholesale Corporation (COST) continues to solidify its position as a market leader, with its August sales performance further proving the retailer’s resilience in an increasingly competitive retail environment. As shoppers continue to prioritize value, Costco’s unique membership model, competitive pricing and consistent customer loyalty have enabled the company to maintain its dominance, even in a challenging economic landscape. Let’s delve into the details of Costco's recent performance.Costco’s Aug ...
What Is the Dividend Payout for Costco Wholesale?
The Motley Fool· 2024-09-07 18:00
The discount warehouse operator continues to reward its customers and shareholders.Costco Wholesale (COST -1.05%) stock has delivered exceptional returns to shareholders over the years. However, its rising share price has brought the stock's dividend yield to its lowest level in over 15 years. Here's how much Costco pays in dividends.Improving sales should keep Costco's dividend growingAs inflation levels off, Costco is seeing stronger discretionary spending in areas like toys, tires, gardening, and health ...
Costco: Price May Have Gotten Ahead Of Itself (Rating Downgrade)
Seeking Alpha· 2024-09-07 13:00
NoDerog/iStock Unreleased via Getty ImagesIntroduction Costco (NASDAQ:COST) is a company that has proven to be a dividend growth monster as well as resilient in the face of higher for longer interest rates. This is likely attributed to their strong brands, customer loyalty, and one-stop shop experience. I often make the joke to my girlfriend that she will be able to purchase a child from the retail giant in a few years. I mean they now sell gold bars, so who knows what else they may sell in the future. ...
Costco Wholesale Corporation Reports August Sales Results
GlobeNewswire News Room· 2024-09-05 20:15
ISSAQUAH, Wash., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $19.83 billion for the retail month of August, the four weeks ended September 1, 2024, an increase of 7.1 percent from $18.51 billion last year. For the 16-week fourth quarter, the Company reported net sales of $78.2 billion, an increase of 1.0 percent compared to net sales of $77.4 billion in the 17-week fourth quarter of fiscal year 2023. For the 52-week f ...
Costco Stock Has Grown 2x S&P 500 So Far This Year: More Gains After Q4 Results?
Forbes· 2024-09-05 09:00
RICHMOND, CALIFORNIA - JULY 11: In an aerial view, the Costco logo is displayed on the exterior of a ... [+] Costco store on July 11, 2024 in Richmond, California. Costco announced plans to raise membership fees for the first time since 2017 with a $5 jump to $65 a year from $60. (Photo by Justin Sullivan/Getty Images)Getty ImagesCostco (NASDAQ: COST) is scheduled to report its fiscal fourth-quarter results on Thursday, September 5 (Costco’s fiscal year ends in August). We expect Costco stock to likely see ...