Costco is expected to raise its membership fees by nearly 10% in the next couple of months. The warehouse chain's fees will most likely increase by $5, to $60, for its basic membership and by $10, to $120, for its executive membership, according to UBS analyst Michael Lasser. The fee hike could be announced Thursday along with the company's second-quarter earnings report, though it is more likely to come in the third quarter, Lasser wrote in a research note published Monday.
Stocks continued to inch higher despite confusion around the Fed minutes, weak markets in Europe and concerns mounting over key administration initiatives like tax reform. Year to date, utilities are up just shy of the S&P 500 ETF (SPY) 5.74% return. To date, traditional treasury ETFs, like iShares 20+ Year Treasury Bonds (TLT) have just been marking time, but iShares TIPS Bond Fund (TIP), utilities, REITS, and iShares S&P US Pref Stock Idx Fund (PFF) have been ripping off the lows—threatening to break out from weeks of consolidation.
Warren Buffett just fired a warning signal for the entire retail industry, and especially for Walmart. In an interview with CNBC's Becky Quick on Monday, Buffett called retailing "too tough" and warned against investing in the industry. "That is a tough, tough, tough competitive force," Buffett said, referring to Amazon.