Cup and Handle formationCostco looks to be forming a solid Cup and Handle formation on the Daily chart ahead of earnings. I am bullish on Costco. What are your thoughts?
CTO trade ideas
COST (2) - New TargetsCOST continues to have the support of FiboClouds for appreciation within the H4 to W timeframe, which is sufficient to reach the first target and attempt further targets, provided that the stop loss is properly repositioned at the time of the first partial realization.
If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
In this way, the journey towards the final target will proceed with reduced risk of losses and the preservation of partial gains achieved so far.
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COST is BearishPrice was in a strong uptrend, however a bearish divergence led to the break of previous higher low and it seems that bears have taken control of the price action. first lower low is printed successfully, and if that is broken we can expect more downside movement as per Dow theory. Targets are mentioned on the chart.
COSTBest cost
I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
Costco Bear HuntJust in case there will be events and information that might lead to a bearish mood for this stock, here are some elements that might act as support/resistance in the evolution of the price. There is also the potential of a continuation after a rebound from one of the elements on the up which should probably not be disconsidered.
Coco Bongo Stuff. Not sure this will break the record of the Pinball Job on AAPL. At least 3 rebounds would suffice, although ONE could be just enough.
One thing to look out in candlestick analysis for this specific project, will be Candlestick Shadows, Especially if they appear in formations of more than one near the price same level.
Earnings coming soon, and if the price jumps up on good numbers and news, will still be looking for potential rebounds from the elements left for potential corrections, or even turnarounds.
$COST shortNASDAQ:COST formed a very clear Head & Shoulders at the top of the chart and should be heading down to $810's. I love Costco and all but this is going to be a very nice short. Will it go there or will it go against nature and chart patterns?
COST - Costco Wholesale Corp - Buy Idea 27.06.2024Here the price has made new high and there is demand zone at around 78.60% Fibonacci level. We expect the price to make a retracement to this zone and from there to see the new bullish impulse. We have to wait for the RSI indicators to be at oversold level for confirmation.
COST SELL!!!Another overbought overvalued stock which needs to pullback at best before maybe printing a new high. Targets $804.84, $783.46 and $762.08 then reassess
COST, a Portfolio gem -- buy on dips / bargains, STABLE GROWTH.COST has been a staple go-to-retail outlet to US consumers. Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.
It has been a rosier season for COST, as they beat earnings across the board in their recent quaretly fiscal data.
(USD) May 2024 Y/Y
Revenue 58.52B 9.07%
Net income 1.68B 29.11%
Diluted EPS 3.78 29.01%
Net profit margin 2.87% 18.11%
Operating income 2.2B 11.13%
Net change in cash 1.31B 374.42%
Cash on hand - -
Cost of revenue 51.17B 9.16%
The retail company has seen a +20% surge in the the last 8 weeks jumping from 700 to 850 range. Growth will be inevitable going forward as the company undergoes aggressive expansion and marketing campaigns to beat their counterparts with the likes of TARGET, etc.
The current price of COST is already at premium levels. We may want to see a trim down to EQL levels before re-entering. But this only applies if your swing trading this, otherwise, if you're into investing mode and plan to hold it for a bit, this won't matter.
At this point, profit-taking event may be inevitable anytime now, but just the same, it will be an opportunity to buy the stock on a discount when that time comes.
TAYOR.
COST - New wave of appreciationContinued appreciation supported by the alignment and compression of multi-term fibo clouds
Risk x Return = 3 for the same risk management that has been practiced in the other operations published in our profile
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800 won't hold.It has been in the news for a while; the uncertainty that this will continue without some correction isn't a good strategy; it is not a question of how rather than when.
Is a buying opportunity coming?With resistance at 820 is respecting the pinball forecast, with last week’s candle structure indicating a pullback is possible. While it is possible for the current wave structure to push higher, the RSI divergence supports otherwise. While any pullback would need evaluation, it may lead to a great buying opportunity.
5/30/24 - $cost - bad risk reward, what's not priced in?5/30/24 - vrockstar - NASDAQ:COST - i get it guys we're in a recession and everyone has become the poors and costco is for good times and bad and especially in bad times.
but 10% eps growth and 50x on 2025 EPS? GTFO.
i'm not going to knock you if you own this - awesome play so far - but good lawd take some nacho off the table here. this isn't a tech-gonna-scale-eat-yo-mama-lunch forever sort of company. probably does compound into this valuation but over what 2-3-4 years?
i'm not gonna short this with retail en fuego, but if i owned it - i'd be selling the whole position or most of it at this valuation. it makes zero sense at this point going into EPS w/ where rates are, risk becoming toppy. h3ll you can buy CRM with better EPS growth by 2x at less than 1/2 of the valuation and even that isn't an obvious entry px (though i've started entering).
be safe guys on this one. i'd look elsewhere. maybe you can tell me where i'm missing the boat and they've just announced a teleportation booth that gives members to free travel worldwide.
head scratcher. gl to all - at this pt, you'll need it for more than 10-15% upside. downside is probably 20-30% in the 1-2y context, i'd think. bad R/R
COSTCO 850 AFTER EARNIGS ?? 5 STRONG REASONS WHY !!!
thanks to
WWW.CAFECITYSTUDIO.COM
NY RUNS GLOBAL INC .
Robust Financials:Costco has consistently demonstrated strong financial performance. Its revenue growth, profitability, and debt management are impressive.
The company’s ESG (Environmental, Social, and Governance) score for its industry is good, indicating responsible business practices .
Customer Loyalty and Resilience:Costco’s loyal customer base contributes to its stability. Even during economic downturns, consumers tend to remain loyal to the brand.
This loyalty makes Costco stock relatively recession-resistant, which is a valuable asset for long-term investors.
Analyst Sentiment:Over the past few months, analysts have revised their average price target for Costco upwards significantly. This suggests positive sentiment and confidence in the company’s future prospects.
There is high visibility into Costco’s activities for the coming years, supporting predictable sales.
Inflationary Pressures:The recent inflationary pressures have positively impacted Costco stock. As the Federal Reserve adjusts its monetary policy, companies like Costco may benefit from higher prices and increased consumer spending.
Valuation Considerations:While Costco’s fundamentals are strong, it’s essential to consider valuation. The company operates with relatively high earnings multiples.
Investors should weigh the potential upside against the current valuation when projecting the stock price.
COST: Technical Strength Ahead of EarningsMuch of the Consumer Defensive industry and most Discount Stores have been in decline due to rising inflation. Many stores are struggling with lower revenues due to higher costs and their customers being more frugal during rising inflation periods.
NASDAQ:COST is an exception with its massive strategy to buy food and common consumer necessities directly from producers and manufacturers and then use the Costco private label, Kirkland. The quality of the packaged food or clothing or other consumer product is the same, but with its ability to buy huge quantities, it has higher revenue growth after the pandemic that other stores would envy.
The stock needs to settle into a sideways or platform trend to pattern out some excessive pricing structure from last quarter. It reports May 30th and the trend implies that the report should meet or exceed estimates.
The previous Fundamental level is a Dark Pool Buy Zone, providing solid support. Pro traders followed that with a new pattern I call "the Nudge" which tends to lead upward momentum.
Costco Partners Uber to Offer Delivery of Costco ProductsUber Technologies (UBER) announced six new products and features at its fourth annual Go-Get event, including a discounted Uber One membership for college students and an international rollout of Uber Eats delivery service of Costco ( NASDAQ:COST ) products. The ridesharing giant also announced new features for Uber Eats and Health, along with new ways to reserve rides at lower costs.
As of Wednesday, users in select locations across the U.S., Canada, Mexico, and Japan can order a number of Costco ( NASDAQ:COST ) products through the Uber Eats app, whether they have a Costco ( NASDAQ:COST ) membership or not. Uber rolled out its Uber One membership in November 2021, offering discounts on rides and free Uber Eats delivery, among other benefits, and currently has more than 19 million members. The company has decided to expand its potential membership base by offering a discounted version of the membership to college students at $4.99 per month, half the price of the original plan. Uber One for Students is launching now through the fall at an unspecified number of universities across the U.S., Canada, France, Australia, New Zealand, Japan, and Mexico. Sheridan said Uber plans to partner with a number of popular college spots like Domino's (DPZ), Taco Bell, and Starbucks (SBUX) for promotions going forward.
Uber also announced two new ways to plan rides in advance: expanding its scheduled ride system by bringing Uber Shuttle to the U.S., and introducing the ability to schedule an UberX Share ride in advance. Uber Shuttle General Manager Anthony Le Roux said Wednesday that Uber is prepared to bring the service to America later this year. Previously, the company had also partnered with some businesses in the U.S. to take their employees to and from work, but the feature will soon be available directly for users. This summer, Uber said it plans to partner with airports and event venues to coordinate trips to and from sporting events, concerts, and more in cities like Miami and Chicago.
Uber is also expanding its scheduling service with UberX Share, making the lower-cost service one that can be scheduled in advance. A ride can be scheduled as little as 10 minutes ahead of time or days in advance, and the app will tell users once the driver is approaching whether they will be sharing the ride with anyone else.
Starting in July in New York City and elsewhere later this year, Uber Eats users will have the ability to save restaurants and dishes in combined lists, which can also be shared with friends or publicly on the app. Finally, Uber Health users will receive the ability sometime this summer to add a contact from their phone as a designated "caregiver" for them. This could be a big help for those caring for elderly or sick relatives who may not be able to schedule those things on their own.
Uber shares were up 1.4% at 1:40 p.m. Wednesday to $66.25, and have gained over 70% in the last 12 months. Costco Wholesale Corp. ( NASDAQ:COST ) has grown into a major warehouse retailer in the U.S. and abroad by offering low prices on large packages of name-brand products. The company has over 127 million members who purchase long-term memberships to gain access to roughly 860 Costco warehouse stores in the U.S., Asia, Europe, and Latin America, and to make online purchases.
COST: Room To RunFundamentals
Pros
- Costco remains a fundamentally strong company benefiting from higher inflation as even wealthier consumers shift their spending habits to look for deals. See www.bloomberg.com (this applies to Walmart but I would argue that this is also Costco)
- Costco has been seeing stronger fundamentals than most of the market measured across various multiples (revenue, earnings, margins) suggesting a healthy company.
Cons
- Most of the price increase over the last year has been multiple expansion (almost double from high 30s to 50s). Stock is not cheap per se, maybe even overvalued..
- Fundamentals may persist but any negative surprises will likely cause excess sell off to remove some of that slack. With a strong consumer (for now) I don't think we will see that anytime soon. Need to see weaker consumption data in GDP or comp's before changing.
- Sell side analysts see limited space for the stock to run - with most targeting somewhere around 800 +/-50.
Technicals
Pros
- Daily price action looks strong with upward momentum. (See MACD).
- Point and Figure set up suggest are price target in the mid 900s to 1000s suggesting a 15-20% left in the upside.
- Wyckoff fundamentals look strong - most of the supply was taken out in 22' - the recent retest produced some supply but it was absorbed well (see price action post large red bar in weekly data, price flatlined and was able to produce easy reactions to the upside with less resistance than the downside).
Cons
- Approaching overbought conditions but not there yet.
COST, Buy opportunity Uptrend
Retail sales was released too weak today but ,as you see, Costco has not dropped like Amazon and some others. If you are high-risk trader, you can get it and if not, like me, wait for passing of this level and buy it for hold.
COSTCO 820 Costco’s stock price has seen a significant increase recently, and there are several reasons behind this rise to $820:
Strong Sales Performance: Costco posted net sales of $19.8 billion for April, up 7.1% from $18.48 billion in the year-earlier period1. Net sales for the fiscal 35 weeks were $166.44 billion, up 7% from $155.62 billion a year earlier.
Shift in Consumer Behavior: Due to rising restaurant prices, many consumers are opting to buy groceries and cook at home instead. This shift in consumer behavior is benefiting grocery businesses like Costco.
Membership Model: Costco’s membership model is also a significant contributor to its success.
The warehouse club’s members pay $60 a year for a basic Gold membership or $120 for an Executive membership, which comes with 2% cash back up to $1,000.
Analyst Upgrades: After reviewing Costco’s strong April sales data, analysts have raised their price targets for the company. For instance, TheStreet Pro’s Chris Versace raised his price target on Costco to $830 from $800. Similarly, Loop Capital analysts raised the firm’s price target on Costco to $840 from $820.
Earnings Expectations: Costco is expected to report earnings on May 30, 2024, for the fiscal quarter ending May 2024. The consensus EPS forecast for the quarter is $3.69, which is higher than the reported EPS for the same quarter last year ($3.43). This positive earnings expectation could also be driving the stock price up.
COSTCO resuming its uptrend in a historic bull runUptrend is going to resume after this base completed and breaks out. Volume is rising as the price is going up. Price also bumped of 50 day MA suggesting strong support
Costco ,,, PowerfulWhat’s going on in this company, the chart is very bullish.
I bought some although the market is not reliable yet. In my view, it has a good target soon. I probably will add my position on it on Monday.
About 695 can be a good place for setting SL and mu recommend is holding it.
Post Earnings Announcement DriftIn December 2023, I purchased COSTCO to try PEAD (Post Earnings Announcement Drift). It's a swing trading strategy. Points in the algorithm I have followed:
2023.12.14: Q1 after the opening of the stock exchange (advance accounts).
2023.12.15: 658.82 – 630.78 = 28.04 => 4.45% > 4.15%
Buy Wednesday 2023.12.20 and hold until Monday 2024.04.22. Buying and selling is when the stock market opens.
Nasdaq index > MA 87
Following the algorithm, the time has now come for sales. The price is now also under the cloud in Ichimocu.
Sale 710,00 USD
Dividend 16,02 USD
Purchase 670,64 USD
Gain 55,38 USD
% Gain 8,26 %
Maybe not very impressive, but also not bad at about 3 months. COSTCO could also be relevant long, may refer to:
finance.yahoo.com
Speculation to correction risk: COSTNASDAQ:COST was over-speculated by retail groups. Extreme angles of ascent do not hold. The severity of the recent angle of ascent due to speculation warned well ahead of time that COST would have a meltdown when buyers evaporated. The first strong support level is at the black line.
The Weekly chart shows stronger runs up than down. Costco is frequently speculated as there are retail gurus and chatroom groups, etc. that run the stock up from time to time. However, this stock is absurdly overpriced at this level and needs to do a split.
