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IHS Markit Score downgrades Costco Wholesale Corp to 54 out of 100, ranking positively in only two out of four IHS Markit categories.

IHS Markit

Costco Wholesale Corp

NASDAQ/NGS:COST

Score: Neutral (54)

1 day at current score.

Downgraded from Positive on August 11th 2017

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Summary


  • This company ranked neutral compared to the Consumer Services sector with only 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is positive
  • ETFs holding this stock are seeing positive inflows but are weakening
  • Bearish sentiment is low
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Positive

Short interest is low for COST with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Negative

ETF activity is negative and may be weakening. The net inflows of $532 million over the last one-month into ETFs that hold COST are among the lowest of the last year and appear to be slowing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. COST credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.

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