Costco (COST) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2025-01-10 23:51
Zacks Rank and Stock Performance - The Zacks Rank system has a strong track record, with 1 ranked stocks delivering an average annual return of +25% since 1988 [1] - Costco currently holds a Zacks Rank of 3 (Hold) [1] - Costco's stock closed at $936 94, up +1 03% from the previous session, outperforming the S&P 500's daily loss of 1 54% [2] - Over the past month, Costco shares lost 6 17%, underperforming the Retail-Wholesale sector's loss of 4 27% and the S&P 500's loss of 2 2% [2] Earnings and Revenue Estimates - Costco is expected to post an EPS of $4 05 in its upcoming earnings release, representing a 9 16% growth compared to the same quarter last year [3] - Revenue is anticipated to be $62 74 billion, a 7 36% increase from the same quarter last year [3] - For the full year, earnings are projected at $18 01 per share, an 11 79% increase, and revenue at $272 46 billion, a 7 08% increase from the prior year [4] Analyst Estimates and Valuation - Recent upward revisions in analyst estimates reflect positivity towards Costco's business operations and profit generation [5] - Estimate changes are directly correlated with near-term stock prices, and the Zacks Rank system incorporates these changes [6] - Costco has a Forward P/E ratio of 51 5, significantly higher than the industry average of 21 37, indicating a premium valuation [7] - Costco's PEG ratio is 5 54, compared to the industry average of 2 29, suggesting a higher valuation relative to expected earnings growth [8] Industry Overview - The Retail - Discount Stores industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 177, placing it in the bottom 30% of all industries [9] - Industries in the top 50% of the Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [9]
Veeva Systems (VEEV) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2025-01-10 23:51
In the latest market close, Veeva Systems (VEEV) reached $217.75, with a +0.21% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. On the other hand, the Dow registered a loss of 1.63%, and the technology-centric Nasdaq decreased by 1.63%.The provider of cloud-based software services for the life sciences industry's stock has dropped by 6.53% in the past month, falling short of the Computer and Technology sector's gain of 0.11% and the S&P 500' ...
Why the Market Dipped But Agnico Eagle Mines (AEM) Gained Today
ZACKS· 2025-01-10 23:51
In the latest trading session, Agnico Eagle Mines (AEM) closed at $84.30, marking a +1.13% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. At the same time, the Dow lost 1.63%, and the tech-heavy Nasdaq lost 1.63%.The the stock of gold mining company has fallen by 2.17% in the past month, leading the Basic Materials sector's loss of 10.98% and the S&P 500's loss of 2.2%.The investment community will be closely monitoring the performance of Agnico Eagle ...
DocuSign (DOCU) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-01-10 23:51
DocuSign (DOCU) ended the recent trading session at $90.42, demonstrating a +1.02% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 1.63%.Prior to today's trading, shares of the provider of electronic signature technology had lost 5.3% over the past month. This has lagged the Computer and Technology sector's gain of 0.11% and the S&P 500's loss of 2.2% in that time.The upc ...
CleanSpark (CLSK) Flat As Market Sinks: What You Should Know
ZACKS· 2025-01-10 23:51
The most recent trading session ended with CleanSpark (CLSK) standing at $10.09, reflecting no shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 1.54% for the day. Elsewhere, the Dow lost 1.63%, while the tech-heavy Nasdaq lost 1.63%.Shares of the company have depreciated by 18.17% over the course of the past month, underperforming the Finance sector's loss of 3.4% and the S&P 500's loss of 2.2%.Investors will be eagerly watching for the performance o ...
Pure Storage (PSTG) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-01-10 23:51
The latest trading session saw Pure Storage (PSTG) ending at $64.73, denoting a +0.73% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 1.63%.Shares of the data storage company witnessed a gain of 2.78% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.11% and the S&P 500's loss of 2.2%.The upcoming earnings release o ...
Skechers (SKX) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-01-10 23:51
The latest trading session saw Skechers (SKX) ending at $70.09, denoting a +1.13% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.54%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 1.63%.Shares of the shoe company witnessed a loss of 1.13% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 4.47% and the S&P 500's loss of 2.2%.The upcoming earnings release of Skechers wil ...
Amazon to Shut Down ‘Prime Try Before You Buy' Service
PYMNTS.com· 2025-01-10 23:45
Amazon will shut down its “Prime Try Before You Buy” service on Jan. 31, according to a notice on the company’s website.The Information reported the ending of the service Friday (Jan. 10), saying Amazon launched the service in 2017, allowing Prime members to order clothing, try it on and decide whether to keep it before being charged for it.CNBC reported Friday that the move is the latest example of Amazon’s efforts to reduce costs across the company.After the service is wound down, Prime members will still ...
Mantle Ridge Sends Open Letter to Air Products and Chemicals, Inc. Shareholders and Employees
Prnewswire· 2025-01-10 23:45
Answers Frequently Asked Questions Received from Employee Shareholders About Vote Anonymity Mantle Ridge's Director Nominees Reaffirm Commitment to Working Constructively with Air Products' Continuing Directors as Part of a Reconstituted Board to Create Value for All Shareholders If ElectedUrges Shareholders to Vote the BLUE Proxy Card "FOR" All Four of Mantle Ridge's Superbly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – and "WITHHOLD" on the Company Nominees ...
Aehr Test Systems, Inc. (AEHR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-01-10 23:45
LOS ANGELES, Jan. 10, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Aehr Test Systems, Inc. ("Aehr" or the "Company") (NASDAQ: AEHR).IF YOU SUFFERED A LOSS ON YOUR AEHR INVESTMENTS, CLICK HERE BEFORE FEBRUARY 3, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT What Is The Lawsuit About? The complaint filed alleges that, between January 9, 2024 and March 24, 2024, De ...