 Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity.The S&P 500 fell 1.1% after giving up an early gain. The Dow Jones Industrial Average dropped 178 points, or 0..... |
Good MorningEquity markets pulled back on Tuesday, with the S&P 500 falling more than 1.25% at the session's low. The move lower was led by NVIDIA and big tech, which shed more than 5.5% for the session. NVIDIA opened with a gain driven by news from CEO Jenson Huang's CES keynote address but failed to hold the gains. The move confirms the presence of resistance at the critical all-time high level and sets this market up for a more considerable decline. The critical support for the S&P 500 is at 5,830.
The next hurdle for the market will come Friday. The NFP report is expected to show another month of steady job gains and rising wages and may be hotter than expected. Tuesday's JOLTs report was much better than expected, showing a robust increase in job openings and worker demand. In this environment, the NFP report could show improving labor market strength, bad news for interest rates, but good news for consumers and corporate profits. Featured: Exposed: 3 CENT Crypto to Explode January 20th? (True Market Insiders) 
| Stocks | | | Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity.The S&P 500 fell 1.1% after giving up an early gain. The Dow Jones Industrial Average dropped 178 points, or 0.... Read the Full Story |
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| Markets | | | Wall Street held firmer on Wednesday, a day after strong reports on the economy hurt U.S. stocks by stirring up worries that inflation and interest rates may remain higher than expected.The S&P 500 rose 0.2% to recover a bit of its 1.1% slump from the day before. The Dow Jones Industrial Average... Read the Full Story |
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The battle to gain influence in the live sports market is heating up among streaming platforms. Netflix (NASDAQ: NFLX) has been pushing hard over the past few months to integrate live sports. Its Mike Tyson versus Jake Paul boxing match attracted 65 million viewers and led to 1.4 million new subsc... Read the Full Story |
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Billionaire investor and Pershing Square Holdings founder Bill Ackman recently made waves on X (formerly Twitter) by doubling down on his bullish outlook for Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC). Ackman, whose investing acumen earned him comparisons to Warren Buffett and the &ld... Read the Full Story |
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In observance of a National Day of Mourning for former President Jimmy Carter, U.S. stock markets, including the New York Stock Exchange (NYSE) and Nasdaq, will close on Thursday, January 9, 2025.
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| Wednesday's Early Bird Stock Of The Day Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington. | Should I Buy Costco Wholesale Stock? COST Bull and Bear Case Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Costco Wholesale was last updated on Saturday, March 22, 2025 at 6:15 PM.
Costco Wholesale Bull Case -
Costco has a strong market capitalization of approximately $403.62 billion, indicating its stability and significant presence in the retail sector.
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The stock is currently trading at $909.26, reflecting a recent increase of 1.5%, which may suggest positive market sentiment and potential for further growth.
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Institutional investors and hedge funds own 68.48% of Costco's stock, demonstrating confidence from large financial entities in the company's future performance.
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Costco's CEO recently sold shares at an average price of $931.00, which, while a decrease in personal holdings, indicates a high valuation of the stock at that time.
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The company has shown resilience with a P/E ratio of 53.39, suggesting that investors are willing to pay a premium for its earnings, often indicative of growth expectations.
Costco Wholesale Bear Case -
Costco's high P/E ratio of 53.39 may indicate that the stock is overvalued compared to its earnings, which could lead to a price correction.
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The company's quick ratio of 0.43 suggests potential liquidity issues, as it indicates that Costco may not have enough short-term assets to cover its short-term liabilities.
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Recent insider selling, including the CEO's sale of 3,600 shares, could raise concerns about the company's future performance and insider confidence.
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Costco's current ratio of 0.98 is below 1, which may indicate that the company could struggle to meet its short-term obligations, potentially affecting its financial stability.
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The stock's 50-day moving average price of $987.55 is significantly higher than the current trading price, which may suggest a downward trend and potential volatility in the near term.
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