P/E Ratio: 59.3 (premium pricing for a retail juggernaut)
Revenue Growth: +9.2% YoY in Q1
Dividend Yield: 0.47%
Next Earnings Date: Dec 12, 2024 (mark your calendars!)
Recent Upgrades/Downgrades: Barclays boosted PT to $1150; reiterates Overweight rating.
Top 3 Technical Reasons
Trend Strength: COST has consistently held its 50-day moving average. Recent breakouts show sustained bullish pressure.
Volume Surge: Increasing average volume last week suggests accumulation ahead of earnings.
Bullish Patterns: Breakout from a descending wedge on daily charts; next resistance $600, then $1100 longer-term.
Top 3 Fundamental Reasons
Membership Growth: Recent 8% YoY growth in executive memberships—Costco’s most profitable revenue stream.
Earnings Potential: Analysts are anticipating $4.11 EPS for Dec earnings, a steady climb from previous quarters.
Inflation Hedge: Shoppers flocking to Costco as inflation strains consumers elsewhere—consistent same-store sales increases.
Potential Paths to Profit
1. Buy Shares (Lowest Risk): Go long at market price.
2. Options Strategy: Consider Jan 2025 $1000 call options for a leveraged bet. Target 2x return on volatility pop post-earnings.
3. Swing Trade Opportunity: Enter now, aim to trim partial profits near $600 resistance and ride the rest to $1100.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.