COST - Costco Wholesale Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
305.12
+16.47 (+5.71%)
At close: 4:00PM EDT
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Inside Bar (Bullish)

Inside Bar (Bullish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close288.65
Open293.00
Bid304.25 x 800
Ask304.25 x 1200
Day's Range289.59 - 305.49
52 Week Range233.05 - 325.26
Volume5,272,534
Avg. Volume3,464,466
Market Cap134.735B
Beta (5Y Monthly)0.75
PE Ratio (TTM)35.82
EPS (TTM)8.52
Earnings DateMay 27, 2020
Forward Dividend & Yield2.60 (0.90%)
Ex-Dividend DateFeb 05, 2020
1y Target Est323.67
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-9% Est. Return
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    Down markets will always present opportunities for savvy investors. But few pundits are broadcasting their current buy lists, perhaps scared to stake a public claim and make a mistake. Nowadays though, investors have all the tools they need to do their own research to find diamonds in the rough.The retail sector has been hobbled for years thanks to a decade-long beatdown courtesy one Amazon (NASDAQ:AMZN). But early adopters of e-commerce fared better than laggards. The current market crash has exacerbated previous stresses to do-or-die levels for many companies. Yesterday we learned that Macy's (NYSE:M) will drop out of the S&P 500 and into the small cap index.Three retail companies stand out for having done things right. Target (NYSE:TGT), Costco (NASDAQ:COST) and Walmart (NYSE:WMT) are the three best retail plays for the rebound. The goal here isn't to find the perfect bottom, but to enter where you're unlikely to regret it. And after a 30% correction, the odds of getting that entry wrong are much slimmer than, say, two months ago, when the markets were making new highs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Telecom Stocks That Are Worth a Close Look It's easy for experts to stamp a stock "buy" when the trend is straight up. The challenge is overcoming fear like Warren Buffett to be greedy when others are fearful. Retail Stocks On The Shopping List: Target (TGT)Last year I wrote about Target's strength relative to other retail stocks, a prediction that played out well for those who staked a claim. I hold the same assumptions for 2020.During this horrendous market crash, Target stock is still above its 12-month pivot level near $90 per share. Compare that with the SPDR S&P Retail ETF (NYSEARCA:XRT) that has fallen back to 2012 levels with no bottom in sight. TGT stock should be at the top of the list for bullish investors.Of the three retail stocks we'll look at today, Target is the cheapest, trading at 15 times price-to-earnings and 0.6 times sales. It's rare to find a cheap company whose stock still outperforms.There's also a technical reason to buy into the current dip. Once the stock lost the $110 level, it triggered a bearish pattern with a -$15 target scenario, which has already played out. There are many who doubt the value of technicals, but they're an essential tool for modern investors. Risking money in the markets without even basic chart knowledge means placing yourself at the mercy of those who pay attention to them. The good news is that this crash worked it out so that TGT stock is now at a solid support zone.The area around $90 per share has been a battle zone for TGT stock over the past two years. Both bulls and bears will want to fight hard to win the philosophical argument, creating congestion. On the way down, sellers overwhelmed the buyers. But this battle will bring that formula back into balance to form a trough.Remember that the "bottom" is actually a process, not a moment, and so trying to nail the perfect entry point is futile. The idea is simply to buy low and sell high, and this is as low as Target stock has been in a while. Costco (COST)As the the novel coronavirus hit the United States and panic set in, consumers' knee-jerk reaction was to hoard toilet paper, paper towels and disinfectants. Bulk retailer Costco saw massive lines as a result. This is somewhat ironic, given that shoppers put themselves in close quarters for hours in line, rather than social distancing. Nevertheless, shelves were bare in minutes. This process has repeated for weeks on end, though the trend has begun tapering a bit this week.While most other businesses are shut down, stores like Costco are experience a massive spike in sales. P&Ls will probably be too murky to judge the future using short-term reports, meaning investors will need to use their best judgment to guarantee gains.Luckily for us, Costco stock has a very reliable performance record, so you can count on it over the long-term. This is all a long way to say you should definitely buy COST stock on the biggest market dip in modern history. * 7 Telecom Stocks That Are Worth a Close Look To be clear, value is not the reason to catch the COST stock knife; it still has a 33 price-to-earnings ratio. However, it is now selling below its full year revenues. That's just too cheap to pass up, especially for longer term investors. When the stock markets are higher in the future, Costco will also be higher. Walmart (WMT)Source: Charts by TradingView The same hoarding sales spike we noted for Costco also applies to Walmart. Stores were mobbed and the shelves were picked clean. But beyond cleaning goods and the like, consumers also bought out most of the grocery section. So registers at WMT were singing a happy tune, and the P&Ls aren't looking as terrible as millions of dormant companies out there.However, looking past this period toward the future, we have to consider that much of this increase in sales now is pulling away from future sales. So we may be looking at a spike and then a consequent dip.So for the near-term following this quarter, comparable sales may look terrible. Investors looking to buy in now should know this and be okay holding the shares through that downswing. This effect is smaller for COST stock, since the extra sales were concentrated on a handful of items. For that reason, I would prefer Costco stock over WMT here.But for investors more concerned about value, Walmart is second-cheapest, with shares at 22 P/E ratio and 0.6 times full year sales. But sometimes cheap isn't as important as the overall scenario.For whatever reason, after the Christmas 2018 crash, Wall Street changed its sentiment towards Walmart. In 2019, they couldn't buy enough of the stock. Case in point, WMT set a new all-time high just a month ago.This dip brought Walmart stock back down to test the $100 neckline and it's held above that level so far. This is encouraging and suggests that the zone below will be solid footing.Corrections are beneficial in the sense that they shake out shareholders who aren't firm in their conviction. This is to say that Walmart stock is a buy near $104. If you already own WMT stock, you can hold it confidently knowing that there will be buyers below. Why I Am More Optimistic Than MostThe big question when trying to invest in a market crash is figuring out the bottom. In this case, we have an unprecedented setup where the demand crash is self-imposed. 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In other words, there were no special precautions to keep attendees safe from the coronavirus. When the man raised concerns about the crowded conditions, he said an Amazon manager mocked him and a fellow recruit sneered.“They made jokes and told me to leave if I was unhappy,” he said, adding that one manager said Amazon’s operations were exempt from the rules because the company is considered an essential service. “They didn’t care one tiny bit.” The former customer rep took the job but still worries about getting sick. Amazon also ignored official social-distancing guidelines at mid-March events near Portland, Oregon, and in Kenosha, Wisconsin, according to two applicants. A fourth person who attended an Amazon job fair in West Jefferson, Ohio, said she was sent home and asked to return another day because the gathering was too crowded, suggesting precautionary measures are in place at least at some events or Amazon is changing its practices.The absence of social distancing at Amazon hiring events recently made the rounds on social media. One user tweeted photos he said were taken at recent recruiting event in Los Angeles. Another complained on Twitter that the event she attended, where people were in close proximity on a line, wasn’t safe. She didn’t disclose the location. Bloomberg was unable to reach those people.In an emailed statement, Amazon said it has updated its recruiting practices to avoid large crowds and keep applicants safe, but it declined to say precisely when it made the change.“These situations occurred two weeks ago and we’ve since moved all new hire events and orientations to virtual platforms,” Amazon spokeswoman Lindsay Campbell said. “Any situation in which teams don’t follow social distancing guidelines are immediately investigated.”In its initial rush to hire 100,000 people to meet surging demand from customers fearful of visiting physical stores, Amazon dusted off its holiday season recruiting playbook: holding events with lines snaking through hallways and crowds packed into meeting rooms to watch videos, submit identification and fill out paperwork. The practices violate official Covid-19 safety guidelines, which include avoiding large gatherings and maintaining at least six feet of distance from others.Amazon is widely seen as an indispensable service amid the pandemic, providing such essentials as food, cleaning supplies and medicine. That hasn’t stopped critics from accusing the company of putting customers ahead of its warehouse workers. These employees aren’t simply handling essential goods but also processing returns and packing toys, clothes and cosmetics. As the outbreak spreads and more cases are confirmed among Amazon’s warehouse workforce, demonstrations and walkouts have erupted in the U.S. and Europe along with demands from lawmakers and regulators for the company to improve working conditions.On Monday, workers staged a walkout at Amazon’s Staten Island warehouse, where three more cases were reported Tuesday evening; they called for the facility to be shut down for cleaning. Hours later, workers at a Chicago depot picketed outside their facility. And in Romulus, outside Detroit, on Wednesday, a group of Amazon employees lined the sidewalk of their warehouse, complaining about a lack of transparency from management and beseeching Chief Executive Officer Jeff Bezos to shut it down.Amazon has lauded the bravery of its workers delivering essentials during the crisis and said it’s protecting them through social distancing requirements and stepped-up cleaning.With the economy imploding, many Americans are willing to toil at an Amazon warehouse. Almost 4 in 10 would have difficulty covering a sudden $400 emergency expense, according to a survey on economic health released in May by the Federal Reserve, highlighting the precarious financial condition of many hourly workers living paycheck to paycheck. A record-breaking 3.3 million people filed jobless claims in the week ending March 21, and experts say unemployment could top 30 percent, five points higher than the Great Depression’s jobless peak.Amazon’s March 16 announcement that it would be hiring and boosting pay represents a lifeline to thousands of people who have lost their livelihoods in the travel, leisure and hospitality industries. “There are very few jobs right now, and millions of people are going to want them,” said Fred Goff, who runs Jobcase, a job search and networking site for hourly workers. “Amazon was ahead of the curve with $15 an hour and announced temporary raises. They’re not going to have a problem hiring people.”Vancouver, Washington, resident Robin Guyton, 62, is among them. She had part-time jobs bringing developmentally disabled people on outings to shopping malls and bowling alleys, but her hours were sharply reduced since everyone has to stay home. Amazon beckoned with warehouse work that pays up to $20 an hour and health benefits. She attended a hiring event near Portland in March and accepted a job offer that day.“It’s a big company and in times like this, their services are more in demand, so there’s some job security,” she said. “This whole thing took the wind out of my sails, and I just need a job to pay the bills.”Good pay, benefits and job security outweighed her alarm about the crowded job event, where she said people were packed side-by-side at tables to fill out online applications on shared computers that weren’t cleaned between uses.“I was so stunned, but I was so desperate to get the job I just did what I could by staying as far away from people as I could,” she said.Walmart Inc., Costco Wholesale Corp., Kroger Co. and CVS Health Corp. are all also ramping  up recruitment to meet surging demand for essential supplies. Some have sped up hiring practices by offering virtual interviews and forgoing drug and background checks, reducing the need to pack people into big job fairs.Walmart, which is hiring 150,000 people, compressed its hiring process from approximately two weeks to just 24 hours and is giving verbal offers by phone following online assessments. Other companies like Kroger use online platforms to check the identification of applicants so a bunch of new workers don’t have to attend big events to go through government-required ID verification, said Julie Pearl, co-founder of Tracker Corp., one of several companies that provide a remote ID checking service.One speed bump for the companies hiring is a new stimulus package that includes enhanced unemployment benefits that could give some workers pause about taking grocery clerk, warehouse or delivery jobs that they think are too risky during the outbreak, said Gary Burtless, a senior fellow in economic studies at the Brookings Institution.“There are a lot of people with low or average pay who will find that their income when they are laid off will rise, not fall, as a result of the special unemployment benefits,” he said.Amazon could be taking steps to make some hiring events safer for applicants. One woman, who previously worked with people with disabilities, applied for an Amazon warehouse job and said she and about 20 other applicants were sent home from a hiring event in West Jefferson, Ohio, on March 21 because it was too crowded and asked to return another day.She returned three days later to find a much smaller group of about 25 people and some seats were roped off. The orientation was shortened by two hours to limit time people spent near each other, said the woman, who was between jobs when she heard an advertisement that Amazon was hiring.The warehouse manager where she works has been sending daily emails reminding employees of the importance of their jobs in keeping essential goods moving during the pandemic, she said, and hand sanitizer was available throughout the facility during her first week on the job. (Updates with worker protests.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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