2 Stocks You Can Still Buy at All-Time HighsFor some reason, we have always been taught to try and buy low and sell high. While that might seem logical, it is a good way to miss out on buying some of the best stocks. Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.2 Stocks You Can Still Buy at All-Time HighsAll-time high prices are not a bearish indicator. In fact, when stocks ...

Costco (COST) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this warehouse club operator have returned +7% over the past month versus the Zacks S&P 500 composite's +6.5% change. The Zacks Retail - Discount Stores industry, to which Costco belongs, has gained 7.4% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases ...

Costco Wholesale Corp.’s January sales rose 4.5% year over year to $22.08 billion, cooling from holiday-boosted December sales of more than $26 billion. Costco COST, +1.26% same-store sales rose nearly 3%, and e-commerce sales increased 21%, the retail giant said. Costco’s stock fell 0.2% in the extended session, after ending the regular trading day up 1.3%. Wednesday’s report followed news Tuesday that said longtime Costco’s Chief Financial Officer Richard Galanti had “confirmed” his plan to step dow ...

Core Insights - Costco CFO Richard Galanti announced plans to step down after nearly 40 years in the role, with Gary Millerchip, the former Kroger finance chief, set to take over on March 15 [1] - Galanti has been a prominent figure during quarterly earnings calls, sharing notable sales figures, including over 4 million pie sales in the days before Thanksgiving and $100 million in gold bar sales in the last quarter [1] - Costco had 129.5 million cardholders at the end of November, and Galanti has indicated that an increase in membership fees is anticipated in the future [1] Company Leadership - CEO Ron Vachris, who began leading Costco last month, expressed gratitude to Galanti for his significant contributions to the company's success and noted his respect among shareholders and employees [2]

Costco wholesale storefront in Kaohsiung, Taiwan.gettyCostco announced that Richard Galanti (67), a 40-year CFO of the company is stepping down effective March 15. He will be replaced by Gary Millerchip (49), who is now senior vice president and Chief Financial Officer of the Kroger KR Company. He held that position for the past 15 years, which was preceded by 20 years in banking.Galanti joined Costco in 1984, and will remain with the company through January 2025 to assist in the transition and he will cont ...

The latest trading session saw Costco (COST) ending at $710.79, denoting a -0.05% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.23%. Meanwhile, the Dow experienced a rise of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.07%.Shares of the warehouse club operator witnessed a gain of 7.48% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 6.9% and the S&P 500's gain of 5.3%.The investment community will be p ...

ISSAQUAH, Wash., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ:COST) announced today that Richard Galanti has confirmed his intention to step down as Chief Financial Officer, effective March 15, 2024. The Board of Directors has named Gary Millerchip as Executive Vice President and Chief Financial Officer, effective March 15, 2024. Gary brings extensive retail and finance experience to Costco, serving as Senior Vice President and Chief Financial Officer at ...

The retail industry's landscape has certainly changed over the past four decades. Then every category of consumer goods supported several different store chains. Brick-and-mortar shopping was something of an entertainment experience as well. Now the advent of online shopping has helped narrow the total number of retailers to only a handful of category-dominant names.That's not necessarily been a bad thing for investors, though. Shares of these select retail survivors have logged enormous gains. Costco Whole ...

Many factors have gone into Costco's (COST 0.71%) success as a business and as a stock investment. The warehouse giant has been picking up market share for decades, for one, mainly thanks to its popular price leadership selling approach.Yet, the real engine behind its positive financial returns is Costco's incredibly predictable profit growth. Rather than generating most of its earnings through product markups like other retailers do, Costco's profits flow from its steadily rising membership fees. As a resu ...

The S&P 500 is officially in a bull market, a reality that many investors have been hoping for since the pandemic highs and the doldrums that followed. The length of the average bull and bear markets has varied through the years. While bear markets appear about every two years and, historically speaking, tend to last about a year, the average bull market has lasted 1,011 days, a trend that has held up for nearly a century now. Of course, these are average figures. No one can say with exact certainty what th ...