证券研究报告 | 2026年03月08日 美股市场速览 弱于大市 市场震荡回撤，但盈利预测稳步向好 价格走势：多数行业回撤，软件显著反弹 本周，标普 500 指数-2.0%（上周-0.4%），纳斯达克综指-1.2%（上周-1.0%）。 风格：大盘成长（罗素 1000 成长-0.7%）＞大盘价值（罗素 1000 价值-3.5%） ＞小盘价值（罗素 2000 价值-3.6%）＞小盘成长（罗素 2000 成长-4.5%）。 4 个行业上涨，20 个行业下跌。上涨的主要有：软件与服务（+6.3%）、商 业和专业服务（+2.3%）、电信业务（+2.3%）、能源（+1.1%）；下跌的主 要有：家庭与个人用品（-7.5%）、耐用消费品与服装（-7.5%）、材料（-6.8%）、 食品饮料与烟草（-6.1%）、运输（-5.5%）。 资金流向：整体加速流出，软硬件显著分化 本周，标普 500 成分股估算资金流（涨跌额 x 成交量）为-99.4（亿美元， 下同），上周为-31.9，近 4 周为-154.3，近 13 周为-283.8。 6 个行业资金流入，18 个行业资金流出。资金流入的主要有：软件与服务 （+49.1）、能源（+ ...

As warehouse clubs and private labels surge, China's consumers are reshaping retail—and squeezing the pricing power of multinational brands. ...

Costco Wholesale Corporation (NASDAQ:COST) is included among the 13 Best Defensive Dividend Stocks for 2025. Costco Says Tariff Refunds Could Lead to Lower Prices for Customers Niloo / Shutterstock.com On March 6, Reuters reported that Costco Wholesale Corporation (NASDAQ:COST) said it would lower prices if it received any refunds tied to the US Supreme Court’s decision to strike down President Donald Trump’s emergency tariffs. Costco was one of more than 1,000 businesses that challenged the tariffs in ...

Core Insights - Costco Wholesale Corporation reported second-quarter results that exceeded analyst expectations, with adjusted earnings per share of $4.58, beating the consensus estimate of $4.55 by $0.03 [2] - Despite strong financial performance, shares slipped nearly 1% in pre-market trading following the announcement [1] Financial Performance - Revenue totaled $69.6 billion, surpassing the estimate of $69.25 billion and rising 9.1% from $62.53 billion in the same quarter last year [2] - Net income for the quarter was $2.04 billion, an increase from $1.79 billion in the year-earlier period [4] - For the first 24 weeks of fiscal 2026, net income reached $4.04 billion, or $9.08 per diluted share, compared to $3.59 billion, or $8.06 per diluted share, in the prior year [4] Sales Performance - Comparable sales increased by 7.4% during the quarter, or 6.7% when adjusted for gasoline price fluctuations and foreign exchange effects [3] - U.S. comparable sales grew by 5.9%, while Canada and Other International markets posted stronger gains of 10.1% and 13.0%, respectively [3] - Digital sales surged by 22.6% over the same period [3] - February sales were reported at $21.69 billion, representing a 9.5% increase from $19.81 billion a year earlier, with comparable sales for February rising by 7.9% [5] Operational Overview - Costco operates 924 warehouses worldwide, including 634 locations in the United States and Puerto Rico, 114 in Canada, and 176 across other international markets [6] - The retailer also operates e-commerce platforms in eight countries [6]

Core Insights - Costco Wholesale's earnings for the fiscal second quarter were $4.58 per share on revenue of $69.6 billion, surpassing analyst expectations of $4.51 per share and $69.1 billion in sales [1] - Despite a 1% increase in stock price following the earnings report, Costco shares are down slightly over the past year, although they have rallied 15% at the start of the year [1] Investor Relevance - Costco's shares are approximately 8% below their early 2025 record high of nearly $1,077, with an average analyst price target $40 lower than that peak [2] - Analysts from JPMorgan noted that Costco's sales and margin growth are outpacing other retailers, maintaining an "overweight" rating and raising their price target to $1,060, which is about 9% above the recent closing price [2] - William Blair analysts view Costco as a stable, defensive consumer stock in a volatile market, suggesting potential for special dividends or increased buybacks to support the stock [2] Additional Context - The potential for tariff refunds could impact Costco this year, as the company is awaiting a court decision regarding refunds from tariffs imposed by the previous administration [3] - CEO Ron Vachris indicated uncertainty regarding the timing of any tariff refunds, but stated that any recovery would be passed on to consumers through lower prices [4]

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Stocks fell Friday as the war in the Middle East escalated. The S & P 500 and Nasdaq were both off roughly 1% after President Donald Trump said Friday there would be no deal to end the U.S. war against Iran without an "unconditional surrender" by Iran. Despite continued uncertainty, Jim Cramer believes the "end-of-the-world view" has gone too far and sees bu ...

Key Takeaways Costco reports Q2 EPS of $4.58, beating estimates as total revenues climb 9.2% year over year.Costco comparable sales rise 7.4%, with digitally enabled comps surging 22.6% on strong traffic.Costco membership fees jump 13.6%; paid households reach 82.1M, with renewal above 92% in the U.S. and Canada.Costco Wholesale Corporation (COST) reported second-quarter fiscal 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate. The company delivered strong year-over-year ...

United States equity markets demonstrated remarkable resilience during midday trading on Friday, March 6, 2026, as investors navigated a complex landscape of economic data and shifting monetary policy expectations. After a volatile opening bell characterized by steep initial declines, major indexes staged a significant turnaround during the lunch hour, fueled by optimistic commentary from the Federal Reserve and a surge in the semiconductor sector. This intraday momentum has helped the market claw back from ...

Welcome back. Okay, we are on countdown mode. We are four minutes away from the February jobs report.Expectations call for a gain in jobs of 59,000 non-farm payrolls and the unemployment rate holding steady at 4.3%. Let's check markets going into this number. Dow industrials right now down 257 points.NASDAQ S&P 500 also weak this morning. I want to bring in our allstar jobs panel. Piper Sandler's chief global economist Nancy Lazar is here.Job Creators Network CEO Alfredo Ortiz is here. Storch Advisor CEO Je ...

As usual, there's really nothing to complain about in Costco Wholesale's (NASDAQ: COST) latest quarterly results. The business keeps doing what shareholders have come to expect: generating steady comparable-sales growth, growing membership income, gaining digital momentum, and expanding its store count. The report once again shows that it remains a best-in-class retailer -- and maybe even one of the best businesses in the world. But liking the business is not the same as liking the stock. While the forme ...