🛍️🎯💥 Costco Crushes November: The Green Machine Strikes Again! 💥🎯🛍️
Kia ora Tiger traders!
Hold on to your shopping carts because Costco is about to roll into November like it always does ~FULLY LOADED! This retail titan hasn’t missed a green November since 2008. That’s right—15 consecutive Novembers of sweet gains! 🏆🌱
This year, analysts are as bullish as ever, and with Costco’s stock currently sitting at $889.56, it’s eyeing the 1K milestone. We’ve got Goldman Sachs, Tigress Financial, and Stifel all raising their targets to over $1,000, and let’s just say they’re expecting Costco to deliver another bulk-sized win for traders. 🎯
📅 Costco’s Record-Setting November Streak
• 100% win rate since 2008 🟢
• +5.88% average November return 🤑
• Support levels: $875-$880 🛠️
• Resistance levels: $900-$923 🚧
Why Costco? 🤔
🛒 Holiday Goldmine: November’s shopping madness—Black Friday, holiday deals, and folks stocking up like they’re prepping for a zombie apocalypse (minus the zombies, of course 😆). Costco’s warehouse model thrives in these high-demand times!
🎁 Bulk Buying Bonanza: From turkeys to TVs, Costco has it all—and shoppers flock to it like Tuis after berries! 🦜🛒
Analyst Love: Who’s betting against Costco? No one. Even Daiwa Securities had to raise their target to $888, while Goldman Sachs pushed it to $995, and Tigress Financial is eyeing $1,065—Costco’s hitting those targets like it’s on a caffeine buzz! ☕💥
Latest Analyst Ratings:
• 🟢 Buy: 39%
• 🟢 Strong Buy: 24%
• 🟡 Hold: 37%
• 🔴 Sell/Strong Sell: 0% (Seriously, who’s selling?)
Numbers You Need to Know 💸:
• Current price: $889.56
• 52-week range: $540.23 - $923.83
• Forward P/E: 49.88 (Yes, they’re making money and growing!)
• Market Cap: $394.1B
Competition Watch:
Don’t forget to keep an eye on Costco’s challengers:
1. Walmart ($WMT): 🟢 Buy: 41%
2. Target ($TGT): 🟢 Buy: 35%
3. Amazon ($AMZN): 🟢 Buy: 65%
Even these big names are struggling to match Costco’s holiday dominance! 🎯
Capital Flow 🔥:
With 1.65M shares traded today, Costco isn’t just filling shopping trolleys—it’s filling investors’ pockets too. And with that kind of volume, you’d better believe the big money is flowing in. 🚀
Hey Tiger Traders: Will Costco make it 16 green Novembers in a row? Or is this the year the streak snaps? 🧨
@TigerGPT As Costco heads into its holiday prime, what key indicators should traders watch to ensure they ride this potential bull wave?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerStars @TigerObserver @TigerPM @Daily_Discussion @TigerPicks
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Costco Stock Analysis
Business Overview: Costco Wholesale Corporation (COST) operates as a membership warehouse club, providing branded and private-label products in a range of merchandise categories. The company's business model thrives in high-demand times, such as the holiday season.
Earnings Performance: In the last reported quarter (2024Q4), Costco recorded an EPS (Earnings Per Share) of $5.30. The company achieved a return on equity (ROE) of 41.49%, indicating efficient utilization of shareholders' funds. Other financial ratios, such as gross profit margin, current ratio, and inventory turnover, demonstrate the company's strong financial position and operational efficiency.
Earnings Forecast: Analysts forecast Costco's future earnings. By the fiscal year 2027, the company is expected to achieve an EPS of $21.83 and a gross income of $310.58 billion. For fiscal year 2025 and 2026, the forecasted EPS are $17.83 and $19.62, respectively.
Stock Price Analysis: As of October 21, 2024, Costco's stock price stands at $889.56. The stock has a 52-week range of $540.23 to $923.83. The support levels for the stock are around $875-$880, while the resistance levels are around $900-$923.
Analyst Viewpoints: According to analysts, 24% recommend buying Costco stock, while 39% recommend it as a strong buy. Another 37% rate it as a hold, and there are no sell or strong sell recommendations. The mean target price estimated by analysts is $931.40, with a low estimate of $675.0 and a high estimate of $1050.0.
Capital Flow: Based on the recent 5-day capital flow data, there were notable fluctuations. On October 11, there was a net outflow of -2,929.76K units, while on October 14, there was a significant net inflow of 26,978.61K units. This indicates active trading and investor interest in the stock.
Stock Price Trend: The profiteer ratio as of October 18, 2024, is 0.8151, suggesting a positive trend. The stock's average cost on the same day was $864.81.
Competition: Key competitors in the retail industry include Walmart (WMT), Target (TGT), and Amazon (AMZN). However, Costco has demonstrated holiday dominance surpassing these competitors.
It is important to note that the above analysis provides an overview of Costco's financial performance, analyst recommendations, and market dynamics. Investment decisions should be made after conducting thorough research and considering individual risk tolerance and investment objectives.
*Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. Trading stocks involves inherent risks, and stock prices can fluctuate. Investors should carefully consider their own investment goals and risk tolerance before making any investment decisions.*Costco (COST) Analysis:
Business Overview: Costco is a retail titan known for its warehouse model. It thrives during high-demand times, such as Black Friday and the holiday season, due to its bulk-buying offerings.
Industry Growth: The retail industry is expected to continue growing, especially during holiday seasons when consumers ramp up their shopping activities.
Earnings and Forecast: Costco's latest earnings report indicates positive results. In the most recent quarter (2024Q4), the company reported an EPS of $5.30, a return on investment of 23.53%, and a net profit margin of 2.95%. Looking ahead, the earnings forecast for Costco projects growth in the coming years. For FY2027, the forecasted EPS is $21.83, the forecasted gross income is $310.58 billion, and the forecasted EBIT is $12.60 billion.
Support and Resistance Levels: The support levels for Costco are in the range of $875-$880, while the resistance levels are in the range of $900-$923.
Analyst Ratings: Currently, 39% of analysts rate Costco as a buy, 24% rate it as a strong buy, and 37% rate it as a hold. There are no sell or strong sell recommendations for the stock.
Analyst Target Price: The mean target price estimation from analysts is $931.40, with a low estimate of $675.0 and a high estimate of $1050.0.
Competition: Competitors such as Walmart, Target, and Amazon are also strong players in the retail industry. However, Costco's holiday dominance and growth potential surpass those of its competitors.
Capital Flow: Recent capital flow data suggests that investors are actively trading Costco shares. The recent five-day data indicates fluctuations between inflows and outflows, indicating active trading in the stock.
Based on the provided information, it appears that Costco has strong potential for growth and a positive outlook for the future. However, it is important to acknowledge the inherent risks in the stock market and the normal fluctuations in stock prices. Investors should exercise caution and conduct their own independent analysis before making any investment decisions.
Disclaimer:The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and the performance of a stock can vary. It is recommended to consult with a financial advisor or do thorough research before making any investment decisions.
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