325.50 -0.03 (-0.01%)
Before hours: 9:07AM EDT
|Bid||325.50 x 900|
|Ask||325.97 x 1300|
|Day's Range||322.55 - 326.31|
|52 Week Range||262.71 - 331.49|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||38.94|
|Earnings Date||Sep 24, 2020|
|Forward Dividend & Yield||2.80 (0.86%)|
|Ex-Dividend Date||Jul 30, 2020|
|1y Target Est||328.44|
Beyond Meat Inc. said Monday that its Beyond Burgers will be sold at Walmart Inc.'s warehouse chain Sam's Club, and at BJ's Wholesale Club Holdings Inc. . Beyond Meat began selling at Costco Wholesale Corp. last summer. The news comes just days after rival plant-based burger maker Impossible Foods Inc. began rolling out its Impossible Burgers at nearly 2,100 Walmart Supercenters and Neighborhood Markets nationwide. Walmart is also selling Impossible Burgers on its website. Beyond Meat stock is up 2.5% in Monday premarket trading, and has soared 66.5% for the year to date. The S&P 500 index is up 1.3% for 2020 so far.
Since the late 1950s, legendary investor Warren Buffett and his long-time partner Charlie Munger have transformed Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) from a struggling textile manufacturer to a holding company with a market capitalization greater than $470 billion. Today, I'll discuss three Warren Buffett stocks to hold for the next 10 years.Buffett firmly believes that stocks outperform all other asset classes over time. However, he's not one to buy shares in a company at any price. Indeed, the Oracle of Omaha is regarded as the king of value investing.Earlier in the year, Buffett released his annual shareholder letter. Although Buffett is bullish on stocks long term, he said "that rosy prediction comes with a warning: Anything can happen to stock prices tomorrow." And within days of his warning in February, markets globally did indeed crash.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo him, if you're not thinking of owning the stock you've just bought for at least a decade, don't even think of owning it for a day. Therefore, falling prices don't make him nervous because he has seen equity markets recover time after time. Instead, he patiently waits.One of my favorite Warren Buffett quotes is "opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." In other words, he'd recommend retail investors to buy stocks as prices decline. * 7 Dividend Stocks to Buy for Beginners to Income InvestingBuffett invests for the long haul and he has generated massive wealth over the last few decades. BRK.A stock currently has the most expensive share price of any company in history. In 1964, each Class A share was just shy of $20. Now each Class A share costs upwards of $290,000 (no, that's not a misprint). Buffett has been making, on average, 20% a year.Buffett's preferred investments are: * Large-cap stocks * Financials, including banks and insurance companies * Consumer brands * Stocks that pay dividendsBerkshire Hathaway's regular 13F filings with the Securities and Exchange Commission (SEC) show his holdings. With that in mind, here are three Warren Buffett stocks to hold for the next 10 years: * Apple (NASDAQ:AAPL) * American Express (NYSE:AXP) * Costco Wholesale (NASDAQ:COST) Warren Buffett Stocks: Apple (AAPL)Source: View Apart / Shutterstock.com Apple shares comprise around 20% of Warren Buffett's portfolio with Berkshire Hathaway. Regular InvestorPlace.com readers will be familiar with the fact that Buffett loves consumer stocks. And he regards Apple as a compelling consumer business thanks to its popularity worldwide.In a recent interview Buffett said, "I do not focus on the sales in the next quarter or the next year. I focus on the … hundreds, hundreds, hundreds millions of people who practically live their lives by [iPhone] … It's probably the best business I know in the world."Two years ago, Apple became the first U.S.-based company to hit a $1 trillion valuation. Currently the market-cap is about $1.6 trillion. With such a market-cap, it would be safe to assume that Apple shares are unlikely to be held down by the market for too long, even in uncertain times brought on by novel coronavirus. Wall Street and Buffett regard large-cap companies as good, stable long-term investments.In fact, so far in the year, Apple shares are up around to 33%. But that metric tells only half the story. On March 23, AAPL stock hit a recent low of $212.51. Now it's hovering around $405.Apple announced on Thursday, in its fiscal third-quarter earnings report, a four-for-one stock split to occur in August.The Cupertino, California-based tech giant committed to be carbon-neutral by 2030. The commitment extends to its supply chain, too. As a result every device it sells will have net zero climate impact before the end of the decade.The company also has long-term catalysts, including the opportunities yet to be offered by the upcoming 5G iPhone. Thus, long-term investors may regard any dip in AAPL shares as a good opportunity to buy into the business. American Express (AXP)Source: Shutterstock American Express is one of the largest global payment networks.Buffett has been a shareholder since 1964. According to the second-quarter earnings release of July 28, the company's net income came at $257 million, or 29 cents per share, compared with net income of $1.8 billion, or $2.07 per share, a year ago.Analysts are debating the economic effect of the Covid-19 pandemic on global economies and the spending habits of consumers. If our economy does not show the V-shaped recovery many have been hoping for, then businesses like American Express are likely to be adversely affected further.One important point to highlight is that the company's core consumers form an affluent client base relative to the customers of competitors. Thus American Express - a trusted brand - may be less affected from a potential economic slowdown. Year-to-date, AXP stock down around 24%. * 7 Dividend Stocks to Buy for Beginners to Income InvestingLong-term investors who would like to follow Warren Buffett stocks may consider buying AXP on the dips. Costco Wholesale (COST)Source: Helen89 / Shutterstock.com Costco Wholesale is the second-largest global retailer by revenue,.COST stock has rewarded its shareholders well so far in 2020. The share price is up about 11%. In comparison, the S&P 500 index is about down 1%.Costco operates in the warehouse (or wholesale) club space within the retail industry. This segment usually performs well regardless of macroeconomic conditions, thanks to the low cost and high-value products. Costco's main competitor is Walmart (NYSE:WMT) and both companies are thriving in recent years. The group runs on a "subscription business model," where customers pay an annual membership fee to have access to its bargain-priced bulk goods. In 2019, Costco collected around $3.35 billion in membership fee revenue, which is almost entirely profit. The membership service has a renewal rate of over 90% in the U.S. as the group scores high on customer satisfaction surveys. By using a membership-only system, Costco is able to book nearly all of its profits one year in advance. Thus the annual membership model contributes to its operating income and gives Costco stock immense earnings stability.Coupled with strong customer loyalty, the retail giant has pricing power, too. And as a result both the top and the bottom lines register year-over-year increases. Over the past quarters, the Street has also been applauding Costco's cost structure, one of the lowest in the retail industry.Although I believe COST stock is likely to go higher in the long run, there will be profit-taking around the corner. Therefore those investors who may want to recession-proof their portfolio could regard any dip in the stock price as a viable opportunity to buy into the shares.Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, including a Ph.D. degree, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Warren Buffett Stocks to Hold for the Next 10 Years appeared first on InvestorPlace.
(Bloomberg) -- Lisa Marsh’s job shopping and delivering groceries for Instacart during the past three years has been unforgiving. Company tipping policies cut into earnings while boycotts and other labor strife created confusion, she said.Then the global pandemic hit, transforming once mundane trips to Los Angeles grocery stores where she lives into a palpable health risk.In recent weeks, another problem has emerged: bots that snatch the largest, most lucrative orders out of the hands of other shoppers.Here’s how it works. Instacart pays contract workers to shop for groceries and deliver them to customers. Normally, the shoppers open the Instacart shopping app and, as orders flash by, click on the ones they want to fulfill. But in order to gain an edge, some shoppers are paying software developers who have created bots -- in the form of third-party apps -- that run alongside the legitimate Instacart app and claim the best orders for clients.In this way, the app tilts competition between shoppers but is invisible to customers and doesn’t take business away from Instacart either. The cost of the third-party apps ranges from $250 to $600 in cryptocurrency or bank deposits, according to the darkweb research firm, DarkOwl.When Marsh opens her Instacart shopping app, she sees promising orders disappear before she can act. “No human can click that fast,” she said. “Instacart needs to fix this. These bots are literally taking the food off my kids’ table.”While bots aren’t a new problem for Instacart, the recent deluge is different because it comes at a time of white-knuckled expansion for the San Francisco-based startup. The company said customer demand for grocery delivery has surged more than 500% during the pandemic, notching growth its investors didn’t expect until 2025. This makes the platform, which hasn’t expanded its team as fast as its revenue, an attractive target for hustlers.A spokeswoman for Instacart Inc. said the bots affect just a sliver of its more than 500,000 shoppers and that the company has already taken measures to address the issue.“We take the integrity of the Instacart platform very seriously and have a trust and security team dedicated to monitoring the unauthorized use of the platform which includes all efforts to prevent illicit and fraudulent third-party apps from violating our terms of service,” said Natalia Montalvo, Instacart’s director of shopper engagement and communications.Instacart said it’s combating bots by cranking up pressure against app makers and banning violators when they find them. The company said it deactivated 150 shoppers found to be misusing the platform and shut down a half dozen sites claiming to sell batches to Instacart shoppers including Instashopper.app, Sushopper, Ninja Hours and Acrobatshopper.The developers of those apps couldn’t be located for comment.Instacart also recently introduced new procedures such as prompting shoppers to verify their identity with a selfie and not permitting shoppers to switch devices in the middle of an order. Shoppers using the updated app can also choose to review a single order for 30 seconds before claiming it or passing it to another shopper.“As a result of these measures, we’ve seen a dramatic reduction in the use of unauthorized third-party apps because of the hard work and dedication by our security and legal teams to protect the shopper experience,” Montalvo said. Instacart also this month enlisted the help of security platform HackerOne to battle bots by offering a bounty program, she said.But as security experts at Amazon.com Inc. and other sites have discovered, battling rogue apps is a lot like playing whack-a-mole. As soon as a company thwarts one bot program, a new version of it emerges, usually with a new name.“If Instacart cared -- if it was losing money -- they could devote resources to make the jobs of these automatic snipers much harder,” Bruce Schneier, a cybersecurity expert, author and lecturer at Harvard University, said there are ways for companies to detect such bots. “This is a problem that any company that makes money from automation is likely being forced to deal with. Some handle it well. Others don’t.”In recent months, different Instacart shopper-related apps have come and gone, sometimes using slightly varied titles, such as Ninja Hours, Ninja Shoppers and Ninja Shopper. DarkOwl discovered nearly a dozen active platforms in mid-May advertising openly on YouTube and social media platforms, including Reddit. Digital breadcrumbs linked these sites back to users spanning the U.S., including New York, Savannah, Georgia and Northern California’s wine country, according to DarkOwl. Others linked to an apparent Brazilian app developer syndicate that leans heavily on YouTube ads narrated in Portuguese, the research firm concluded.The developer of those apps couldn’t be located for comment.Some of the apps work, others are scams, according to DarkOwl. The Bitcoin wallet linked to the site of Ninja Shoppers indicates its owners have received 76 deposits -- about $20,000 -- including many from Instacart shoppers desperate to jumpstart their stalled shopping careers.The apps are typically available on websites published by their developers. In the case of Ninja Shoppers, the app is free to download, but users must be ‘’activated in a private group” in order to be granted permission to pay for a user authentication token, according to their website, which is published in English and Portuguese. Once logged-in, the program prompts the user to find Instacart sales available near their location, according to a YouTube video viewed more than 13,000 times since May 9.Despite Instacart’s efforts to crack down, finding a permanent solution may be difficult. Earlier this month, one man using the Instacart shopping app, who said he’s been using a bot since March, offered to install it on another shopper’s phone for $250, plus a $130 weekly recurring fee, according to screen shots of a conversation in late July seen by Bloomberg. When reached by phone earlier this week, the man spoke first in Portuguese and then in English, confirming to Bloomberg he was selling a bot for those amounts. He declined to answer additional questions after learning that the information would likely be publicized.Fear of getting deactivated or scammed out of money has stopped some shoppers from spending money on the apps. Others like Santa Cruz-area grandmother Ginger Colgate said she refuses to do so on moral grounds.“It’s just not right. It’s against the rules,” said Colgate, complaining that her earnings dropped from $1,800 a week to $300 because the bots have siphoned the best work. Colgate said she still sometimes drives to Costco and opens the Instacart app, hoping for work.“So many times I sit with tears in my eyes in the parking lot just waiting and hoping to get an order,” she said. “I’ve basically given up.”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.
The coronavirus pandemic has been difficult from any number of viewpoints, but two companies that have navigated the challenges while capitalizing on their specific advantages are Costco (NASDAQ: COST) and Home Depot (NYSE: HD). Costco's June sales numbers were very impressive, with comparable-store sales (excluding the impact from changes in gasoline prices and foreign currencies) up more than 14%. The rise in e-commerce sales was 87%, showing how effectively Costco has been pivoting in that direction.
BJ's Wholesale Club (NYSE: BJ) does not attract as much attention as larger warehouse clubs such as Costco or Walmart-owned Sam's Club. Despite the share price gains, company expansion has only moved westward at a slow pace. Given the growth in store numbers, investors will have to decide whether BJ's has finally become a growth name or if it will likely return to range-bound trading once COVID-19 runs its course.
The list of retailers saying they will close this Thanksgiving is piling up.
It looks like Costco Wholesale Corporation (NASDAQ:COST) is about to go ex-dividend in the next 3 days. Ex-dividend...
The great investor Warren Buffett has said his "favorite holding period is forever." There are few companies worthy of a forever holding period. Walmart (NYSE: WMT) has a simple formula with a proven long-term success rate.
Operating as a membership-based warehouse retailer, Costco has a loyal customer base that keeps returning for its rock-bottom prices and unique product selection. Off-price leader TJX, the parent of TJ Maxx, Marshall's, and Home Goods, is also known for its bargain prices on apparel and home goods, as well as its frequently-rotating inventory, which creates a so-called treasure-hunt experience, meaning shoppers will never find the same assortment twice. Costco and TJX's approaches have made each company relatively protected from e-commerce competitors like Amazon, and they continue to open new stores.
Even the president has switched sides on this issue that could help flatten the curve and help get the economy rolling again.
Costco's (COST) strategy to sell products at discounted prices has helped it expand customer base. The company's differentiated product range resonates well with customers' spending habits.
For the week of July 6, Costco, BJ’s and Walmart’s Sam’s Club each saw weekly visits rise in meaningful upticks from the prior two weeks, according to Placer.ai.
Everyone is still eating at home amidst the COVID-19 pandemic in a big way. Yahoo Finance speaks with the CEO of Cheerios and Dunkaroos maker General Mills.
The tech-heavy Nasdaq composite outpaced the Dow Jones industrials and the S&P; 500 early Monday. Amazon stock jumped on price-target hikes.
A solid investment portfolio has a diverse mix of leading companies, some of which offer stability, while others present greater opportunities for growth. Costco is a rock, a strong candidate for continued market gains, while Beyond Meat is a new and exciting growth prospect.
Over the past six months, big-box retailer Costco (NASDAQ:COST) has proven itself to be a resilient holding for long-term investors. Costco stock fell below $300 per share in March but has since made its way to new highs amid the novel coronavirus outbreak.Source: ilzesgimene / Shutterstock.com Costco is always a buy on a pullback, but with the share price trading near all-time highs, is it still worth picking up? The answer is yes if you're a long-term investor. COST benefits from both long- and short-term catalysts that make it a valuable addition to almost any portfolio. With the market's volatility set to continue through the end of the year, investors could start building a position in Costco stock slowly and keep the firm on their watch list to buy any future dips. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Costco Stock Is the Ultimate Pandemic PlayUnlike many other equities, Costco stands to benefit in almost any climate moving forward. COST stock is an obvious play in the event of renewed Covid-19 outbreaks or failed vaccine hopes. The company offers people a way to stock up on essential products at ultra-low prices. If we learned anything from the first coronavirus wave, it's that people like to panic-buy when the threat of a lockdown is looming. * 15 Growth Stocks That Are Being Propped Up By Low Rates But Costco also appeals if the pandemic is brought under control and the U.S. finds itself in a prolonged recession. If economic uncertainty causes consumers to cut back substantially, subscription services will be under threat.But a Costco membership is likely to be one of the last to go. That's because paying Costco's membership gives people access to low prices on everything from tires and fuel to bread and meat. There's a case for Costco in the ideal scenario as well -- a quickly contained pandemic and a v-shaped recovery that yields economic growth sooner than expected. In that case, not only will members be unlikely to cut their membership, but more small businesses will reopen, potentially increasing their Costco purchases. Near-Term CatalystsIn the short-term, Costco looks like a worthwhile pick. Whether or not the U.S. will be able to get control of it's surging case numbers is up for debate, but there's no question that there's a real threat of renewed lockdowns in several states right now.That threat should continue to push COST stock upward as investors look for pandemic-proof bets.Not only that, but Costco appears to be on track to report impressive earnings for its fiscal fourth quarter. The firm's Q3 results were relatively muted as its April sales put a damper on rising demand in March. But strong performance over the summer should offer investors something to cheer about when the firm reports for Q4.Like the rest of its peers, Costco has been hit with coronavirus-related costs like increased sanitation, worker protection, and wage increases. But strong sales growth and improving margins should more than make up for that added expense. Beyond the PandemicSo-called "pandemic stocks" like COST are having a moment in the sun right now, but long-term investors should consider who will win and lose once coronavirus is behind us. Netflix (NASDAQ: NFLX) is one example of this.Despite its all-star performance during the pandemic, the firm's guidance suggests that the back half of the year could be a challenge in current conditions. In short, Netflix's pandemic-boost is over. Costco doesn't have that issue. Its customers were loyal before the pandemic -- the firm has enjoyed a subscription renewal rate above 90% for the past few quarters. That's despite a 5% increase in membership fees. The Bottom Line on CostcoCostco is one of the best retailers on the market because of its unique business model. The firm makes most of its money through subscription fees, which makes for very predictable income. As past quarters have proven, Costco members are sticky and tend to continue renewing even in periods of economic slowdowns. There aren't many stocks on the market that offer a compelling case no matter how the pandemic plays out and COST stock is certainly one of them.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. As of this writing, Matt did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Buy Costco Stock With Both Hands appeared first on InvestorPlace.
ISSAQUAH, Wash., July 15, 2020 -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced that its Board of Directors has declared a quarterly.
(Bloomberg Opinion) -- Politics have been getting in the way of Americans broadly adopting a crucial preventative health measure: Wearing a mask in public to curb the spread of Covid-19. Now, though, the experts that have been urging that practice have an enormously powerful ally in Walmart Inc.The big-box retailing giant said Wednesday it would require customers at its eponymous stores and Sam’s Club chain to wear face coverings. While some 65% of its locations were already doing this to comply with local regulations, it will make it mandatory at all stores nationwide beginning July 20. Walmart does not get any credit for leading the industry on this, given that Costco Wholesale Corp., Best Buy Co. and Starbucks Corp. had earlier moved in this direction. Still, it was certainly the right thing to do because it will go a long way toward protecting its customers and the 1.5 million employees of its U.S. stores. And because of Walmart’s ubiquity and its outsize influence in American shopping, its embrace of the policy could be a hugely important step toward getting mask-wearing to be a routine behavior in all sorts of public domains. Walmart stores are often located in rural areas, which have only recently started to see a surge in Covid-19 cases and are likely to be brimming with voters who cast a ballot for President Donald Trump and have taken note of his dismissiveness of masks. In many of these places, Walmart is one of consumers’ only options for buying household essentials. If a grocery trip can normalize mask-wearing for these people, that’s a win for everyone’s health. Walmart also has plenty of establishments in states such as Florida and Texas where cases are surging and governors have been reticent to take aggressive action to stop it. In those places, the chain is effectively stepping in to curb the spread of Covid-19 where lawmakers have failed. As the country’s largest retailer, Walmart’s move also gives cover to smaller chains to require mask-wearing. I’m sure many mom-and-pop retailers have seen the viral videos of shoppers throwing tantrums at store employees over mask policies and are loathe to have such fire-breathing scenes happen in their establishments. But if mighty Walmart is making customers do this, these stores should feel emboldened to make the choice that is best for public health. In fact, within hours of Walmart’s announcement, industry trade group the National Retail Federation issued a press release urging all retailers to require customers to wear masks nationwide. The group said it hoped Walmart’s move was “a tipping point” on this issue. It remains to be seen how easily and successfully Walmart can enforce this policy. The company says it will install “health ambassadors” at each store, workers positioned near the entrance who will responsible for reminding visitors of the mask requirement. That may be a delicate task, especially at first. But, with any luck, Walmart’s move will create an industrywide norm that will soon make the act of wearing a mask mundane and apolitical. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Warehouse clubs and juicy burgers have little in common, and this became painfully clear when the pandemic hit home. Costco's (NASDAQ: COST) retail outlets remained popular during the early stages of the COVID-19 outbreak. Shake Shack (NYSE: SHAK) went the other way with sales plummeting during the first few weeks of the normal.
Research group The Conference Board projects U.S. GDP will fall 7% in 2020, with just a 1% increase in a "recovery" year of 2021. For consumer spending, The Conference Board believes things will be better, but only slightly, with a 6.7% decline in 2020 and a 1.9% recovery in 2021. Two such dividend-paying retailers are Target (NYSE: TGT) and Costco (NASDAQ: COST).
Big Lots (NYSE: BIG) and Costco (NASDAQ: COST) don't share many core investment characteristics even though they both operate in the big-box retailing space. Both Costco and Big Lots could see persistent sales lifts as consumers prioritize bulk shopping and home furnishings in an era of limited in-person retailing and more stay-at-home time. Big Lots easily wins the matchup with respect to short-term growth rates.