Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in COST over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Disclai ...

Costco has reportedly jumped into selling a new precious metal. The warehouse retailer’s website has a 1-ounce PAMP Suisse Lady Fortuna Veriscan platinum bar listed as a product, Fortune reported Wednesday.It reportedly marks the latest precious metal that Costco has offered after gold bars and silver coins.  FOX Business reached out to Costco for comment about the platinum bars. COSTCO CEO SAYS 1 ITEM IS MORE IMPORTANT THAN EVERYTHING ELSE SOLD IN THE STOREThe product listing said the platinum bars have a ...

There's good reason to believe this warehouse retailer will still be thriving in 10 years.On a typical Friday evening in the 1990s, vast numbers of families in the U.S. paraded down to their local Blockbuster to pick up some weekend entertainment by renting a movie or a video game cartridge. The chain was a dominant force in its segment of the entertainment space. But as time went by, its management failed to react effectively to rising competition from companies offering first DVD rental by mail, and then ...

Costco is going platinum.The wholesale retailer — which has gotten a massive boost from peddling gold bars — announced Wednesday it will sell 1-ounce platinum bars on its website for $1,089.99 each.The company will also sell a 1-ounce Canada maple leaf platinum coin for the same price. 3 Costco announced on Wednesday it is selling 1-ounce platinum bars on its website for $1,089.99 each. CostcoThe bars and coins are available online only and cannot be delivered to Louisiana, Nevada or Puerto Rico, the comp ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Costco continues to chip away at the gold mine that is the precious metals market. The wholesaler is adding Swiss-made platinum bars to its selection.Costco on Wednesday announced the 1-ounce platinum bars, on sale for $1,089.99 on its website alongside its now-famed gold bars and silver coins. The bars are only sold online, and cannot be delivered to Louisiana, Nevada or Puerto Rico, the company said. Interested buyers will also need a Costco membership, which costs between $65 or $130 a year.It's no surpr ...

It's already close. Costco Wholesale (COST -1.03%) continues to impress investors, and its stock keeps climbing. It did take a small step back after fiscal fourth-quarter earnings, but it's up 35% this year, outpacing the S&P 500. That means it also stepped back from trading above $900. But knowing Costco, it won't stay down for long. How quickly can the warehouse retailer's stock reach a four-digit price tag? Headwinds and tailwinds Costco operates a differentiated retail model that charges membership fees ...

For all its size and power, Costco stands to take an economic hit from a worsening labor dispute.Costco Wholesale (COST 0.10%) stock didn't have one of its better trading sessions on Monday. Like its retail industry peers, it's staring into the face of a potentially damaging labor action, specifically a looming strike by dockworkers at ports located on the East and Gulf Coasts. Cautious investors avoided the stock, which sagged marginally in price while the S&P 500 index increased to close 0.4% higher.A few ...

Costco Valuation and Performance - Costco's stock has surged over 600% in the past decade, driven by new store openings, same-store sales growth, and e-commerce expansion [1] - The stock is considered overvalued with a P/E ratio of 56, double that of the S&P 500 index [1] - Billionaire investors, including Ray Dalio's Bridgewater Associates and Ken Griffin's Citadel Capital, have been selling Costco shares in Q2, indicating concerns over stretched valuation [1][2] Home Depot Analysis - Home Depot is the largest home improvement retailer in the US, but its stock has struggled due to the housing market slowdown and remains below its 2021 peak [3] - The Federal Reserve's rate-cutting cycle, including a 50 basis point reduction, is expected to boost the housing market and home improvement projects, benefiting Home Depot [3] - Home Depot's acquisition of SRS Distribution expands its addressable market by $50 billion and strengthens its vertical integration [4][5] - The stock trades at a P/E ratio of 27, with earnings growth expected to rebound as the housing market recovers [5] Target Analysis - Target has faced challenges from slowing consumer spending and internal issues like theft, but recent improvements in gross margin (27% to 28.9%) and operating margin (4.8% to 6.4%) indicate a positive turnaround [6] - Falling interest rates and controlled inflation are expected to encourage consumer spending, further supporting Target's recovery [6] - Target continues to open new stores and leverages competitive advantages such as its multicategory business model, store-based fulfillment, and curbside pickup program [7] - With a P/E ratio of 16 and expected earnings growth comparable to Costco, Target is seen as a more attractive investment compared to Costco [7]

Costco's Quarterly Performance - Costco's shares declined following a mixed quarterly report, with a slight revenue miss but a strong bottom-line beat [1] - Quarterly earnings increased by +6.1% on +1% higher revenues, with comparable same-store sales up +5.3% in the US and +5.5% in Canada [1] - Discretionary categories like jewelry, furniture, and tires saw double-digit gains, while digital comps surged +19.5% [1] Costco's Valuation and Market Performance - Costco's stock pullback is attributed to its premium valuation after a +34.7% year-to-date gain, outperforming the Zacks Retail sector (+20.3%) and the S&P 500 (+20.5%) [2] - The stock trades at 50.8X forward 12-month EPS estimates, significantly higher than its 5-year median of 35.9X [2] Q3 Earnings Season Overview - Costco's fiscal Q4 results are included in the Q3 earnings season tally, alongside companies like FedEx and Oracle [3] - 14 S&P 500 members have reported Q3 results, with earnings up +26.8% year-over-year on +3.4% higher revenues [3] - 71.4% of companies beat EPS estimates, and 78.6% beat revenue estimates [3] S&P 500 Earnings Trends - S&P 500 Q3 earnings are expected to grow +3.34% year-over-year on +4.5% higher revenues, following +10% earnings growth in the previous quarter [7] - Earnings estimates for Q3 2024 have been revised down more significantly than in recent periods, with 14 out of 16 Zacks sectors seeing downward revisions [8] - Despite negative revisions, aggregate earnings for Q3 are expected to reach a new all-time quarterly record [9] Tech Sector and Magnificent 7 Performance - The Tech sector is expected to see Q3 earnings growth of +11.6% on +10.7% higher revenues [12] - The Magnificent 7 (Mag 7) companies are expected to contribute +17.2% earnings growth and +13.6% revenue growth in Q3, accounting for 21.4% of all S&P 500 earnings [10][11] - Excluding the Mag 7, S&P 500 earnings would be flat year-over-year [11] Long-Term Earnings Outlook - S&P 500 earnings are expected to grow +7.7% in 2024, improving to +9.6% excluding the Energy sector [10] - Double-digit earnings growth is projected for 2025 and 2026, with the Tech sector maintaining robust growth momentum [9][13]