Costco Wholesale Corp.

Costco's Inflation Signals Keep Us From Overreacting to Rising Producer Prices

Costco’s Inflation Signals Keep Us From Overreacting to Rising Producer Prices

Wholesale prices in November may have been slightly warmer than expected, but next week’s look at consumer prices is one that could solidify the Federal Reserve’s next interest rate decision. Ultimately, we think November’s consumer price index (CPI) carries more weight with the market and the Fed than Friday’s wholesale numbers, known officially as the …

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Dow has worst week since September as investors anticipate CPI and Fed meeting

Dow has worst week since September as investors anticipate CPI and Fed meeting

It’s been a bumpy week for stocks. The market came under pressure at the start of the week as investors worried that the elevated wage pressure seen in the November jobs report could push the Federal Reserve to raise interest rates higher than scheduled for next year to fight inflation. After a brief midweek respite, …

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Jim Cramer's 10 most important things to watch in the market on Friday: High inflation, Costco earnings, FTC Microsoft

Jim Cramer’s 10 most important things to watch in the market on Friday: High inflation, Costco earnings, FTC Microsoft

My top 10 things to watch Friday, December 9, 2022 1. Wholesale inflation: JUST PLAIN BAD. The government says November producer prices rose 0.3% overall against a forecast 0.2% rise. Excluding food and energy double estimate of core rates: +0.4%. US stock futures, up sharply before the numbers, fell after the release. Bond yields are …

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Costco reports a mixed quarter, but we see positive catalysts on the horizon

Costco reports a mixed quarter, but we see positive catalysts on the horizon

Costco Wholesale (COST) reported mixed first-quarter fiscal results after the closing bell on Thursday amid weaker consumer demand. But the Club continues to see the fundamentals of the business as strong and is encouraged by the planned rise in membership fees and the bulk retailer’s special dividend. Total revenue, which includes dues revenue, rose 8% …

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December tends to be a strong month for the market.  Here's how our stocks have performed recently

December tends to be a strong month for the market. Here’s how our stocks have performed recently

Seasonal trends are an often-discussed topic on Wall Street, especially at this time of year as the market approaches the so-called “Santa Gathering” window in late December. This year’s bear market certainly has investors hoping for a bit of holiday cheer. So we thought we’d take a look at what the Santa’s Rally phenomenon is …

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Cramer's Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up

Cramer’s Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up

On Friday, CNBC’s Jim Cramer told investors that stocks could have another good week of trading, given the good economic conditions. “As the year draws to a close, vacations will become more and more of a priority. Right now the outlook is murky – too much cross-currents. But if the labor market remains strong and …

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Expect more turmoil after a week of mixed market signals

Expect more turmoil after a week of mixed market signals

All major stock averages closed higher for the week thanks to a Friday afternoon rally that pushed the Dow back into positive territory. Several key economic reports drove the action, including the ADP November Nonfarm Payrolls and Employment Reports and the October Personal Spending Report. Most important, perhaps, was Federal Reserve Chairman Jerome Powell’s comment …

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The stocks that move the most at noon: Salesforce, Five Below, Okta, Costco and more

The stocks that move the most at noon: Salesforce, Five Below, Okta, Costco and more

A shopper loads a car with bottled water at a Costco wholesaler in Chingford, Britain on March 15, 2020. John Sibley | Reuters Find out which companies are making headlines in the midday business. Selling power – Shares of the cloud-based software company fell more than 9% after the company announced the sudden departure of …

The stocks that move the most at noon: Salesforce, Five Below, Okta, Costco and more Read More »