BMO Capital Reiterates Outperform on Costco Wholesale (COST) Following 1Q Report
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
UBS Remains Bullish on Costco Wholesale (COST) Following 1Q EPS Miss
December 8, 2016 9:34 AM ESTUBS reiterated a Buy rating and $175.00 price target on Costco Wholesale (NASDAQ: COST) following the company's 1Q earnings report. COST reported an EPS shortfall of $1.17, compared to the consensus estimate of $1.19.
Analyst Michael Lasser commented, "We think COSTs F1Q provided healthy evidence to refute the downside hypothesis. If COST were... More
Cowen Reiterates Outperform on Costco Wholesale (COST)
December 8, 2016 9:23 AM ESTCowen reiterated an Outperform rating and $170.00 price target on Costco Wholesale (NASDAQ: COST) following the company's 1Q earnings report. 1Q comps overall came in at +1% and flat on a 2-year stacked basis, improving by +100bps on a 2-year stacked basis.
Analyst Oliver Chen... More
Wall Street again marks new highs in post-election run
December 8, 2016 7:31 AM ESTBy Lewis Krauskopf
(Reuters) - Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.
Investors have driven up equities since Trump's Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations.
Supporting the upbeat sentiment on Thursday was a report that showed the number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor market strength that underscored the economy's momentum.
"This is just a continued melt-up... More
Credit Suisse Assumes Costco Wholesale (COST) at Outperform; Sees Re-Acceleration in Momentum
December 8, 2016 6:18 AM ESTCredit Suisse assumes coverage on Costco Wholesale (NASDAQ: COST) with a Outperform rating and a price target of $175.00 (from $165.00), saying momentum is poised to re-accelerate.
Analyst Edward Kelly commented, "We have assumed coverage of COST with an Outperform rating, and raised... More
Options expected to have Increasing volume: COST HRB LULU SHLD HLT X TLRD GLW UNFI
December 8, 2016 5:46 AM ESTOptions expected to have Increasing volume: COST HRB LULU SHLD HLT X TLRD GLW UNFI
... MoreAfter-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
December 7, 2016 7:04 PM ESTToday's After-Hours Movers:
Voyager Therapeutics, Inc. (Nasdaq: VYGR) 35.2% HIGHER; announced positive results from the ongoing Phase 1b trial of VY-AADC01 at six and twelve months of follow-up in patients with advanced Parkinsons disease. The interim data from Cohorts 1 and 2 of this trial demonstrated that accurate MRI-guided delivery of escalating doses of VY-AADC01 were well tolerated and resulted in increased coverage of the putamen, increased AADC enzyme activity, enhanced response to levodopa, and dose-related, clinically meaningful improvements in various measures of patients motor function. This was... More
Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
December 7, 2016 4:18 PM ESTCostco Wholesale (NASDAQ: COST) reported Q1 EPS of $1.24, $0.05 better than the analyst estimate of $1.19. Revenue for the quarter came in at $28.1 billion versus the consensus estimate of $28.3 billion.
Comparable sales for the first quarter of fiscal 2017 were as follows:
... More
Costco Wholesale (COST) December weekly 152.50 straddle priced for movement of 3% into Q1
December 7, 2016 2:10 PM ESTCostco Wholesale (NASDAQ: COST) December weekly 152.50 straddle priced for movement of 3% into Q1
... MoreCostco Wholesale Corp (COST) weekly volatility increases into Q1 and outlook
December 6, 2016 1:56 PM ESTCostco Wholesale (NASDAQ: COST) December weekly call option implied volatility is at 43, December is at 27, January is at 19; compared to its 52-week range of 14 to 28 into the expected release of Q1 results on December 7.
... MoreOptions expected to have Increasing volume: BOBE KMI COST TOL HRB LULU
December 6, 2016 5:53 AM ESTOptions expected to have Increasing volume: BOBE KMI COST TOL HRB LULU
... More