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See what the IHS Markit Score report has to say about Costco Wholesale Corp.

IHS Markit

Costco Wholesale Corp

NASDAQ/NGS:COST

Score: Negative (13)

7 days at current score.

Downgraded from Neutral on June 24th 2018

View full report here!

Summary


  • This company ranked negatively compared to the Consumer Services sector despite 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is negative
  • ETFs holding this stock have seen outflows over the last one-month
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is extremely low for COST with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting COST.

Money flow

ETF/Index ownership | Negative

ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding COST totaled $2.96 billion. Additionally, the rate of outflows appears to be accelerating.

Economic sentiment

PMI by IHS Markit | Positive

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

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. COST credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.

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