BMO Capital Reiterates Outperform on Costco (COST) Following June Results
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BMO Capital Downgrades Costco Wholesale (COST) to Market Perform; 6% Comps Are Not Enough Amid Amazon Fears
July 10, 2017 6:07 AM EDTBMO Capital downgraded Costco Wholesale (NASDAQ: COST) from Outperform to Market Perform with a price target of $160.00 (from $185.00), saying 6% Comps are not enough amid Amazon fears.
Analyst Kelly Bania commented, Despite our continued belief that Costco's fundamental outlook remains strong, the weak stock... More
Wall Street drops on labor market data, North Korea concern
July 6, 2017 7:43 AM EDTBy Chuck Mikolajczak
(Reuters) - U.S. stocks were sharply lower on Thursday after disappointing labor market data clashed with the possibility of a more hawkish Federal Reserve, while rising tensions in the Korean peninsula providing additional pressure.
Private employers added 158,000 jobs in June, the ADP National Employment Report showed, coming in below the estimated gain of 185,000 and suggesting cooling in the U.S. labor market as it nears full employment.
Another set of data showed weekly jobless claims rose for the third straight week, climbing to 248,000 and topping the 243,000 expected.
While the data still... More
Costco (COST): Good Monthly Comps But Unclear If It's Sustainable - Guggenheim
July 6, 2017 6:34 AM EDTGuggenheim analyst, John Heinbockel, is expecting a 3-5% rally in shares of Costco Wholesale (NASDAQ: COST) after June comps handily beat consensus, with June comps, ex-fuel, growing 6% while Canada and Other International comps each increased 7%.
The analyst believes that the... More
Costco (COST) June Comps Rise 6%, or 6.5% Ex-Energy & FX
July 6, 2017 6:13 AM EDTCostco (Nasdaq: COST) reported net sales of $12.17 billion for the month of June, the five weeks ended July 2, 2017, an increase of seven percent from $11.33 billion during the similar period last year.
For the forty-four weeks ended July 2, 2017, the Company reported net sales of $104.28... More
Costco Wholesale (COST) July weekly volatility elevated into better than expected comps
July 6, 2017 5:22 AM EDTCostco Wholesale (NASDAQ: COST) July weekly call option implied volatility is at 31, July is at 20; compared to its 52-week range of 13 to 23 into better than expected comps.
... More