COST & RH Earnings Move Retail Trade, Citigroup (C) Sees Upgrade

Costco - Costco reported quarterly earnings with revenue in line with estimates and EPS of 450, slightly below the expected 456 [2] - Sales increased by 8.2% year-over-year, with comparable same-store sales rising 5.9% in the US and 6.4% globally [2] - E-commerce sales surged over 20%, with website traffic up 24% and app traffic increasing by 48% [3] - The company faced challenges from tariffs, with about one-third of US sales coming from imports, prompting efforts to source more products domestically [4] - Legal actions have been taken against the Trump administration regarding tariffs, seeking refunds and blocking further collections [5] - Overall results did not impress investors, as the sales figures were anticipated due to monthly reports [6] RH (Restoration Hardware) - RH shares rose over 5% following better-than-expected revenue of 883.81 million, although adjusted EPS missed expectations at 171 compared to the anticipated 213 [8][9] - The company outperformed competitors like Lazy Boy and Wayfair despite challenges from tariffs [9] - The CEO acknowledged the difficult housing market but noted the brand's disruptive nature, suggesting potential support from higher-end consumers [11] Citigroup - Citigroup received an upgrade from JP Morgan Chase, which raised its price target to 124, indicating double-digit upside potential [13] - The stock has performed well year-to-date, benefiting from a solid economy, increased M&A activity, and a favorable regulatory environment [14] - JP Morgan Chase views Citigroup as undervalued compared to peers, contributing to a more bullish outlook [14]