1:00pm (EST) Costco Wholesale (COST, $55.00, up $4.35) is rolling today after reporting better-than-expected same store sales for August. The 8% jump can also be attributed to a JPMorgan (JPM, $42.07, up $1.21) upgrade from “Neutral” to “Overweight”. JP also raised their price target for the stock from from $45 to $59.
Costco Wholesale Surges Higher
Earnings: COST, KKD, LULU and a Nike Trade
Costco Wholesale (COST, $53.37, down $0.32) is recovering from its morning low of $50.70 after reporting a 1% gain in same-store sales for the quarter. The company earned $263 million, or $0.60 a share, compared with $262 million, $0.59 a share, a year ago. Revenue came in at $16 billion,
Weekly Wrap 12/07/08
The market returned to its “normal” ways after a see-saw week in which the Dow had three up days and two down. Normal meaning volatility. After a solid winning streak to close November above 8,800, the Dow struggled to hold 8,000 and finished Friday at 8,635. All things considered it