High flyer for 2019 NASDAQ:COST enters earnings tomorrows earnings pre-market, with huge expectations that it must fulfill considering the crowed trade that is has become.
The main danger for Costco is that if the market begins to rotate back towards the Technology sector, Costco will be a source of capital to do so.
If the selling persists post earnings a...
EARNINGS:
COST (71/29) announces earnings this week, along with THO (89/66), PEP (32/21), and LEN (26/35).
Pictured here is a directionally neutral iron condor camped out around the 14 delta strikes for the shorties paying 1.04 (.52 at 50 max) with break evens at 253.96/316.04, which are slightly wide of one standard deviation. The correspondent short strangle...
Taking Costco to the long side. Got to know about the downgrade from Cramer's Mad Money, so thought to do technical analysis.
Cramer suggested buy at this level and technicals are supporting partially.
I prefer to see divergence in RSI but thats not there. So taking this trade by giving more weightage to fundamentals shared by analysts as Costco is least affected...
COST Ideas are attached, had opportunities to get in and ride this ride on up while everyone else thought it had ran too far too fast. Now sitting at an inner resistance area of its lifetime channel. Break above and hold here then opens up 370's-380's next, knocking on the door of 400. Make sure you look at this chart through the correct lens, and don't just take...
Highflyers like SHOP, COST, and ROKU, they are primed for short.
Last week I posted 10 charts, among them, these are in my watchlist: DLTR, TMO and CHTR (wating on confirmation)
As mentioned in previous idea about COST (linked) if you think this has run too far too fast, think again. As mentioned then, the critical level is this inner resistance near 300, which if broken can open the floodgates for COST. If it closes 305 convincingly, this thing can feasibly hit 400 without much trouble. Just because a chart looks straight up in "Auto"...
Just like they Big Tech Companies Costco was quick to harness the power of a subscription based business, membership is cheap but the recurring income adds greatly to the bottom line.
As of today Costco opened its first store in China and such was the popularity it had to temporarily close due to overcrowding concerns, a fantastic problem to have.
Costco is...
