New Zealand markets open in 2 hours 17 minutes
  • NZX 50

    -46.15 (-0.40%)

    -0.0006 (-0.09%)

    -40.10 (-0.53%)
  • OIL

    -3.41 (-4.43%)
  • GOLD

    -0.10 (-0.01%)

Stocks moving in after hours: Costco, Ford

Shares of Costco and Ford are both making moves in after-hours trading.

Video transcript

- Let's take a look at what some of the stocks that are trending after hours. We have to start with Costco. Costco releasing its September numbers. And they were very strong.

Taking a look at what they put out, total comp sales up 8.5%. That was better than what the Street was expecting at 6.3%. [? Ex-gas, ?] the jump was 8.6%. Net sales for the month totaling $21.5 billion. That's up 10% from a year ago.

Over the past three months, as Costco is down just around 1.6% year-to-date, though, take a look at that chart. Off just about 15%, so faring much better than what we have seen play out in the broader markets.

Also, want to take a look at Ford. Ford is an interesting story today. We've talked about the fact that some analysts are readjusting their view, their price targets on the stock. The company coming out saying that it's actually raising prices for its Lightning, F-150 Lightning pickup truck by $5,000 due to higher costs of supply chain issues that we have been tracking very closely here at Yahoo Finance.

The starting price for the Lightning Pro model-- that's going to be $51,974 bucks, up 11%. Nearly a 30% jump from the original price that we got back in May 2021. Intraday basis, the stock ending in the green year-to-date, though. Ford, along with many of its competitors, under a tremendous amount of pressure as the company deals with rising rates.

Also, the supply chain issues that have been plaguing the auto industry year-to-date. Ford off just about 40%