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Costco leaning into technology as ‘real opportunity' to improve customer experience
New York Post· 2024-07-28 16:43
Costco is looking toward technology to improve the customer experience at its brick-and-mortar and online stores without significantly changing the retail giant’s proven business strategy, the company’s chief financial officer said.Costco CFO Gary Millerchip was taking questions from analysts during Costco’s third quarter earnings call earlier this year when he was asked what the company thought about being “more aggressive” with the evolution of its retail business model by deploying more technology in its ...
Stock Split Spotlight: The Next 3 Names That Could Follow Nvidia's Lead
Investor Place· 2024-07-26 18:34
Stock Splits Overview - Stock splits remain a major theme in the market this year, with companies like Deckers Outdoor and Broadcom recently announcing splits [1] - Stock splits make shares more affordable for investors, particularly retail investors, without changing the valuation or fundamentals of the stock [1] - Recent examples include Walmart, Nvidia, and Chipotle Mexican Grill, which have split their stocks to attract more investors [1] Costco Wholesale (COST) - Costco's stock has risen 44% over the last 12 months, reaching $815 per share, with a high valuation of 46 times future earnings estimates [2] - The company has not split its stock in 24 years, and the current high share price may prompt management to consider a split [2] - Costco's stock has risen nearly 200% in the last five years, making it a long-term winner for investors [3] Super Micro Computer (SMCI) - Super Micro Computer's stock is trading at nearly $700, more than double its price at the start of the year, with a P/E ratio of 39 [4] - The stock has fallen 43% from its 52-week high of $1,229, but a stock split could make it more attractive to retail investors [5] - Year-to-date, Super Micro Computer's stock has risen 148%, driven by demand for its AI servers [5] ServiceNow (NOW) - ServiceNow's stock surged nearly 15% after strong Q2 financial results, driven by AI demand, and is now trading near a 52-week high of $850 [6] - The stock's valuation is sky-high at about 90 times future earnings estimates, and it has risen nearly 3,000% since its 2012 IPO [6] - With the share price approaching $1,000, a stock split may be considered, especially as the company continues to benefit from the AI trade [6]
Could Costco Help You Retire a Millionaire?
The Motley Fool· 2024-07-23 11:47
Costco has an incredible history of growth behind it and plenty of opportunity ahead, but is it worth the price today?Costco (COST 1.11%) has been a huge winner for investors, with a 1,700%-plus share-price advance since the turn of the century. Factor in its dividend, and its total return soars to 2,600%! That's a truly incredible performance over a period of just under 25 years. It would be understandable if you wanted to buy Costco, but you need to know a few things first before jumping on this warehouse ...
3 Stock Split Candidates to Buy Now: July 2024
Investor Place· 2024-07-23 10:21
Stock splits generate plenty of buzz among investors. Many people get excited about the thought of having more corporation shares. Stock splits do not make a company more valuable, but the extra attention can result in a higher market cap. However, there are a few reasons why stock splits can impact a company’s performance. Some large companies were listed on the Dow Jones Industrial Average shortly after their splits. This index is price-weighed so that you won’t find a stock priced at $2,000 per share. Am ...
Is Costco Stock a Buy After Hiking Membership Fees?
The Motley Fool· 2024-07-23 00:35
Where will future growth come from for Costco?Wholesale warehouse operator Costco Wholesale Corporation (COST 1.11%) has been a stunning success over the past thirty years. Its stock price performance has been noteworthy compared to all stocks, but especially so in comparison to retail stocks. Costco's focus on warehouses that save its customers time and money has been a stellar success. With the stock up over 2,500% since 2003, it is a proven winner. However, the company has experienced several changes in ...
Get Your Money Out of These 3 Retail Stocks by October
Investor Place· 2024-07-23 00:15
It’s plain to see that there’s plenty of optimism for Q4 2024 among retail investors and their institutional counterparts alike. The prospect of US Federal Reserve interest rate cuts has spurred more optimism throughout Wall Street, with recent forecasts suggesting that rates may fall as low as 4.75% by the end of 2024.  This, coupled with the historical performance of stocks during the holiday season, is helping to shape a positive narrative for the end-of-year prospects of retail stocks. Since 1945, the S ...
Top Wall Street analysts are confident about the potential behind these 3 stocks
CNBC· 2024-07-21 11:40
The stock market is in a rough patch as of late while investors grapple with macro pressures, upcoming elections and geopolitical tensions.However, investors and their portfolios can hold up in the tumult – if they're able to ignore the short-term noise and choose stocks with attractive return prospects over the long term.In this regard, the ratings of top Wall Street analysts and their investment theses can provide useful insights and help us make the right decisions.Bearing that in mind, here are three st ...
Will Costco Stock Soar After Its Membership Fee Hike? Here's What History Says.
The Motley Fool· 2024-07-20 08:30
The stock has taken one specific direction after the past three fee hikes.Costco (COST -0.15%) just answered investors' biggest question. With the warehouse giant's last fee increase in 2017, investors have been wondering when the next one would happen. After all, the company has traditionally hiked fees once every five years.Finally, earlier this month, Costco made the move, saying it would increase its standard and premium membership fees as of Sept. 1. An increase in fee income will add to Costco's reven ...
If You Can Only Buy One Blue-Chip Stock in July, It Better Be One of These 3 Names
Investor Place· 2024-07-17 17:09
The Dow Jones Industrial Average hit an all-time high of 40,720.64 on July 15. Despite the new record, the 30 blue-chip stocks that make up the index are only up 8% in 2024, less than half the S&P 500.Gone are the days when investors considered these 30 Dow stocks the best investments you could own for the long haul. Technology certainly has had something to do with the changing of the guard. The same could be said for consumer discretionary stocks. Today’s blue chips are not necessarily the Dow 30. They’re ...
3 Unstoppable Stocks That You Can Buy and Hold for Years
The Motley Fool· 2024-07-17 12:15
These blue chip stocks are leaders within their respective industries.One thing that can make investing seem daunting and intimidating is how quickly things change in the markets. Knowing which stocks to own and which ones are hot buys right now can turn investing into a part-time job. But if you stick with large, established businesses that have bright futures, it doesn't have to be that complicated or difficult. There are many investments you can buy and hold for years and not worry about.Three stocks tha ...