COST Oct 2024 670.000 call
| Previous close | 163.67 |
| Open | 163.67 |
| Bid | 152.10 |
| Ask | 161.70 |
| Strike | 670.00 |
| Expiry date | 2024-10-18 |
| Day's range | 163.67 - 163.67 |
| Contract range | N/A |
| Volume | |
| Open interest | 5 |
- Yahoo Finance Video
Trump conviction, PCE data, Dell earnings: Morning Brief
On today's episode of the Morning Brief, co-hosts Brad Smith and Seana Smith delve into the aftermath of the Trump verdict, analyze trending tickers, and gauge market reactions to the latest PCE data release. Donald Trump's unprecedented conviction on all 34 felony charges in his hush money trial has sent shockwaves through the political landscape. Yahoo Finance's Rick Newman dissects the implications of this verdict on Trump's political future, while 22V Senior Managing Director Kim Wallace joins the show to explore how this landmark decision could influence broader market trends. The episode then covers the stock reactions of companies like Costco (COST), Dell (DELL), and Gap (GPS) following the release of their respective quarterly earnings reports. As markets eagerly await the Federal Reserve's next interest rate decision, April's Personal Consumption Expenditures (PCE) report aligned with analyst expectations. HSBC US Economist Ryan Wang and Invesco Chief Global Market Strategist Kristina Hooper join the discussion to dissect the PCE print and assess the possibility of rate cuts this year. This post was written by Angel Smith
- Yahoo Finance Video
Costco's high valuation is 'worth it': Analyst
Costco's (COST) third quarter earnings topped Wall Street estimates as consumers continue to seek value. TD Cowen Senior Research Analyst Oliver Chen joins Morning Brief to analyze the retail giant's earnings and what they signal about consumer spending. Same-store sales increased the most in five quarters, which Chen says indicates great momentum as Costco continues to provide value. He also notes that Costco has seen growth in its non-food products, which highlights consumer spending outside of groceries and other essentials — a feat yet to be seen at other retailers like Target (TGT). Chen explains that while Costco's valuation may be expensive, "it's worth it." He points to the membership model, which generates about half of the retailer's profitability, as a solid source of growth. He also notes that Costco is a top jewelry and diamond seller. "This company really surprises and delights. And when you go into a Costco, as you know, you find things you never knew you needed or wanted. And that's part of the magic of Costco," Chen tells Yahoo Finance. Read more about Costco's earnings here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Barrons.comCostco Stock Can Rise on Steady Growth. Plus, American Airlines, Lululemon, and More.
Wall Street analysts weigh in on Live Nation, Lululemon Athletica, Costco Wholesale, Airbnb, and American Airlines.
