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COST trade ideas

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.
NASDAQ:COSTLong
by JSAL
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
NASDAQ:COSTShort
by VROCKSTAR
1
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.
NASDAQ:COSTLong
by NYRUNSGLOBAL
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.
NASDAQ:COSTLong
by MarthaStokesCMT-TechniTrader
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.
NASDAQ:COSTLong
by DEXWireNews
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.
NASDAQ:COSTLong
by quantitativetendies
1
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.
NASDAQ:COSTLong
by NYRUNSGLOBAL
1
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
NASDAQ:COST
by scorpiris
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.
NASDAQ:COSTShort
by MarthaStokesCMT-TechniTrader
1
Technical Analysis of Costco Wholesale Corporation (NASDAQ:COST)Costco Wholesale Corporation's stock (NASDAQ:COST) exhibits a technical posture that warrants a nuanced discussion. Currently trading at $726.80, COST's market temperament is deciphered through various technical indicators and chart patterns across multiple time frames, yielding insights into its future price trajectory. Technical Indicators: Ichimoku Cloud (4-hour chart): COST's price action resides within the Ichimoku Cloud, suggesting a zone of equilibrium where buyer and seller momentum is in contention. The equilibrium is further confirmed by the price oscillating around the baseline (Kijun Sen). A decisive breakout above the Cloud could signal bullish momentum, whereas a drop below it may imply bearish prospects. Fibonacci Retracement (4-hour chart): The price respects key Fibonacci levels, currently testing the 38.2% retracement level at approximately $730.69. This level serves as a critical juncture; holding above could entice buyers, while a breach could see price gravitate towards the 50% or 61.8% levels, at $713.38 and $696.07, respectively. Relative Strength Index (RSI) (4-hour chart with a 14-period setting): RSI meanders around the 50 mark, indicative of a neutral momentum with no immediate overbought or oversold conditions. The absence of extreme readings suggests a lack of conviction among traders, awaiting a catalyst for directional bias. Moving Average Convergence Divergence (MACD) (4-hour chart with 12, 26, 9 settings): The MACD line is converging towards the signal line, hinting at a possible momentum shift. Should the MACD cross above the signal line, it would be interpreted as a bullish indicator, potentially catalyzing an upward price movement. Volume and On-Balance Volume (OBV): Volume trends relatively flat, with OBV corroborating the consolidation phase, indicating that significant volume has not yet entered to confirm a trend. Price Action & Patterns: COST's price action has formed a consolidation pattern, with recent candlesticks suggesting indecision. The latest candles have short bodies with small shadows, signifying a balance between buyers and sellers. A breakout from this consolidation with increased volume could be imminent, given the observed coiling of price action. Fundamentals and Market Sentiment: The financials indicate a stable increase in revenue with a maintained net margin, a healthy sign of operational efficiency. The debt level seems manageable when juxtaposed with free cash flow and cash & equivalents. However, the earnings estimates for 2024 show some contraction, which could inject volatility into the price dynamics. The overall market sentiment appears cautiously optimistic, given COST's strong fundamental backdrop and the upcoming earnings report in 45 days. Traders should closely monitor this event for potential impact on the stock's valuation. Price Target Speculation: If bullish momentum persists and the price breaks above the Fibonacci level of 38.2% and out of the Ichimoku Cloud, an initial target of $752.11 (23.6% Fibonacci level) could be envisioned. Conversely, should bearish pressure prevail, the price may retreat to test the $696.07 (61.8% Fibonacci level) as a potential support. In conclusion, Costco's stock finds itself at a crossroads, with technical indicators suggesting a balanced field between bulls and bears. Traders should stay attuned to both technical cues and fundamental events, such as the upcoming earnings report, to gauge the stock's future direction. As always, it is prudent to consider broader market conditions and integrate risk management strategies when engaging with the stock.
NASDAQ:COST
by AxiomEx