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COSTCO: 4H MA50-200 squeeze is forming the bottom.Costco is neutral on its 1D technical outlook (RSI = 49.149, MACD = -2.870, ADX = 33.443) as the price is trading inside the 4H MA50-MA200 range. This is taking place right at the bottom of the year long Channel Up, which has formed the previous two HL exactly on the 4H MA200. Coupled with a 4H MACD Bullish Cross, this is technically the new bottom formation. Our target is at least a +16.30% repeat (TP = 1,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COSTLong
by InvestingScope
COSTCO needs one more Low before it bottoms.Costco (COST) has been trading within a Channel Up pattern since the March 07 High and last week it hit the 1D MA50 (blue trend-line) for the first time since August 09. Even though this is the standard short-term Support level, we expect the price to break it and approach the bottom of the Channel Up where both previous Higher Lows were priced. Our Target is $1000, just below the 2.0 Fibonacci extension, where the last Higher High was priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:COST
by TradingShot
1
Costco Wholesale deep diving into the fundamentals Sale Post ER?NASDAQ:COST is an interesting company that benefits from inflationary conditions where consumers are looking for cheaper products or more product for their money. Costco is aided from its membership business model. The Stock itself rallied 38.35% YTD "Year to Date" and 60.79% in the last Year "365 Days" I personally like the stock but think due to the valuation like the PE Ratio that is high to me personally, and the forward PE Ratio doesn't seem like the best price to me as a new investor with a short term interest, I would not personally add this stock to my portfolio until I see the stock pull-back in Share Price, Price to sales seems decent but I am hoping for a share price pullback which may never happen. I Put an idea/Chart that I Would not be too surprised if it played out that way but it could also be inaccurate. Only Time Will Tell! I am not initiating Buy, Sell, Or Hold Opinions and you should take No action suggestion ------------------- Balance Sheet: Cash: US$11.50b Debt: US$6.91b Total Liabilities: US$46.14b Total Assets: US$67.91b Debt to Equity Ratio: 31.7% ------------------- Technicals: RSI: 59 Short Interest: 1.66% ------------------- Valuation: PE Ratio: 56.1x Forward PE Ratio: 52.3x Price to Sales: 1.6x Price to book Ratio: 18.5x ------------------- Management Ratios Return On Equity: 32.9% Return On Capital Employed: 27.7% Return On Assets: 9.9% ------------------- Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Costco Wholesale) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst or a financial advisor, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation. ------------------- Idea: ------------------- Source: SimplyWallSt for the Balance Sheet Numbers & Balance Sheet information.
NASDAQ:COSTShort
by BullishCanadianInvestor
2
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
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 Misses Holiday-Quarter Revenue ExpectationCostco ( NASDAQ:COST ) missed Wall Street’s revenue expectations for its holiday quarter, despite reporting YOY sales growth and strong e-commerce gains. NASDAQ:COST Shares fell about 4% in aftermarket trading on Thursday but the stock bounced and surged by about 1.6% in Premarket trading on Friday. The company’s stock had hit a 52-week high earlier in the day. Earnings per share: $3.92 vs. $3.62 expected Revenue: $58.44 billion vs. $59.16 billion expected In the three-month period that ended Feb. 18, Costco’s net income rose to $1.74 billion, or $3.92 per share, compared with $1.47 billion, or $3.30 per share, a year earlier. Costco’s revenue for the quarter increased from $55.27 billion in the year-ago period. Comparable sales for the company increased 5.6% year over year and 4.3% in the U.S. Excluding changes in gas prices and foreign currency, the metric increased 5.8% overall and 4.8% in the U.S. Sales of food and sundries, a category that includes snack foods and beverages, were up by mid single digits in the quarter, CFO Richard Galanti said on the company’s earnings call. Fresh foods were up high single digits and nonfoods were up mid single digits. Ancillary businesses, which includes more service-related purchases like travel, were up by low single digits, he said. Costco’s food court, pharmacy and optical centers were top performers in the quarter and gas was down low single digits as the price per gallon fell. Costco ( NASDAQ:COST ) has 875 warehouses, including 603 in the U.S. and Puerto Rico. It also has clubs in about a dozen other countries, including Canada, Mexico, Japan and China. In the second quarter, Costco ( NASDAQ:COST ) opened four new clubs, including three in the U.S. and one in Shenzhen, China. That marked its sixth club to open in China, Galanti said. Two of the three new U.S. locations were Costco Business Centers, which are specifically geared toward small business owners like restaurant operators. Costco ( NASDAQ:COST ) shares have risen nearly 19% since the start of the year. The stock touched a 52-week high of $787.08 earlier in the day and closed at $785.59, bringing the company’s market value to nearly $350 billion. Costco's Digital growth Costco ( NASDAQ:COST ) has made changes to its website to improve the experience for online shoppers. It’s also tweaked its business to be more digitally savvy. E-commerce sales grew 18.4% in the quarter compared with the year earlier. For example, Costco ( NASDAQ:COST ) rolled out a new mobile app homepage in February, which loads in less than two seconds compared with eight seconds previously — a move he said was crucial since about 60% of its e-commerce business is done through its mobile app and mobile browser. It rolled out Apple Pay last week to all members online. And it’s adding more merchandise to Costco Next, a seller platform that allows members to buy directly from some of the retailer’s suppliers at a discounted price. E-commerce sales have also gained momentum as Costco ( NASDAQ:COST ) has gotten better in recent months at touting the value of its online merchandise, particularly for big-ticket items like appliances, mattresses and tires. App downloads were up 2.8 million in the quarter and and currently total about 33 million, Galanti said. Membership fees Costco ( NASDAQ:COST ) has seen more membership sign-ups as the company has cracked down on membership sharing, Galanti said. During the pandemic, he said the warehouse club noticed more people using their mom or dad’s membership card and let it slide. Then, he said, the membership sharing grew because self-checkout became more common at clubs. Investors have been waiting for Costco ( NASDAQ:COST ) to raise its membership fees for more than a year. The company has typically increased its annual fee roughly every five and a half years. It last hiked fees in June 2017. But Galanti said the company is not hiking the fee yet. Though he added, “It’s when, not if.”
NASDAQ:COSTShort
by DEXWireNews
Costco (NASDAQ:COST) Indicating Positive Sign of a Bullish Trend Costco wants your loyalty To some extent, Costco's sales will ebb and flow along with the economy. That's natural for a retailer. But what won't change over the next three years is the company's focus on keeping its customers happy, because that supports an important income stream. And you can keep tabs on that by watching its membership renewal rates. Costco's Growth Costco's growth opportunities reside in increasing membership by incremental amounts and opening new stores. Comparable-sales growth is strained right now due to inflation, but the company typically demonstrates mid- to high-single digit percentage comparable sales growth. Membership increased 7.9% year over year in the fiscal fourth quarter (ended Sept. 3), and membership fee income increased as a percentage of sales from 1.88% to 1.95%. It will also likely raise its annual membership fee, which stands at $60 for a basic membership, sometime soon. That will lead to an increase on the bottom line. If you own this stock, or are considering buying it, making sure that Costco generates consistently high renewals may actually be more important than monitoring its product sales. Price Momentum COST is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:COSTLong
by DEXWireNews
COSTCO: Watch this buy breakout level leading to All Time HighsCostco Wholesale Corporation is testing the R1 level (571.65) for the third day straight on a nicely balanced bullish 1D technical outlook (RSI = 60.287, MACD = 2.930, ADX = 22.559). Since the dominant pattern thus far is a Channel Up, if the 1D candle closes over the R1 level, traders should regard it as a bullish breakout opportunity, targeting the R2 level (TP = 612.00) which is the stocks ATH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COST
by InvestingScope
1
XLP - Staples are lagging the market XLP has had horrific downside price action over the last several weeks. As it approaches the Weekly 200 MA I do anticipate a bounce to occur. Not many sectors are near the weekly 200 MA. Buying this at the Weekly 200 MA has proven to be a great long term entry for investors. If a bounce occurs and bearish consolidation on the weekly chart occurs, this sector will likely be a good short side play. I would never short this sector now since its had a big decline. A bounce is more favourable at this point.
AMEX:XLP
by Trading-Capital
COST show a relatively high level of large-scale triangularCOST show a relatively high level of large-scale triangular This chart shows the weekly candle chart of Costco's stocks over the past year. The top to bottom golden section at the beginning of 2022 is superimposed in the figure. As shown in the figure, Costco's stock peaked in April 2022, plummeted, and began to strengthen in May 2022, showing a relatively high level of large-scale triangular fluctuations and consolidation overall! The stock of Costco Company was suppressed by the top to bottom golden ratio of 1.382 at its high points in July and September this year. Therefore, in the future, this position can be used as the watershed for judging its strength!
NASDAQ:COST
by Think_More
COST Costco Wholesale Corporation Options Ahead of EarningsIf you haven`t bought COST ahead of the previous earnings release: Then analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week, I would consider purchasing the 540usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $6.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:COSTShort
by TopgOptions
COST the retailing warehouse chain LONGCOST had lackluster earnings two months ago and is due for another report in late September, Despite the earnings miss, COST immediately uptrended as if traders and investors were expecting far worse. Since June 1st, COST has been in an ascending parallel channel bounded by the dynamic support and resistance of the first and second VWAP standard deviation lines above the mean as anchored to a date before the earnings. The MACD is currently showing bearish divergence while COST is at the upper resistance in the channel. As a result I will place a short trade on COST here with a stop loss above that red dynamic resistance line. Upon managing the trade, I will close and reopen the trade long when price meets the lower support blue VWAP line and is likely to reverse.
NASDAQ:COSTShort
by AwesomeAvani
WMT benefits from consumer confidence LONGWMT may be benefiting from the potential suspension of federal rate hikes potentially giving consumers more buying confidence and maybe a stabilization of credit card rates as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th. Price had descended to the third deviation green lines below the mean VWAPs zone ( black lines) but has now ascended to the first deviation blue lines below the mean VWAPs. WMT is in an early VWAP breakout at this point as price approaches the mean VWAP. The MFT RSI indicator of Chris Moody shows both low and high TF RSIs now above the 50 level and the low higher than the high demonstrating bullish momentum. The zero-lag MACD is also confirmatory showing a line cross under the histogram on July 11th. I find WMT suitably set up for a swing long trade. I will seek out the best entry on the 15-30 minute time frame by identifying a privot low from which to enter. The target is the red second deviation lines above the mean VWAP zone at $158.25. A call options trade would be for $157.00 with a 9-10 DTE.
NYSE:WMT
by AwesomeAvani
COST - Rising Trend Channel [MID TERM]🔹COST is in a rising trend channel in the medium long term. 🔹COST has broken a resistance level in the short term and given a positive signal for the short-term trading range. 🔹COST has support at 486 and resistance at 523. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:COSTLong
by wavepoint99