Costco Wholesale Corp (COST)

[conix]

Costco Wholesale (COST +3.32%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital Markets with a price target of $215.

[ITMS]

The Chart That Told Me To Short Costco Wholesale Corp (NASDAQ:COST)

Costco Wholesale Corporation (NASDAQ:COST) was upgraded yesterday. Mind you, this came after a run in the stock from $154 to $188. For some reason, an analyst thought it was the right time to upgrade Costco after a huge run like this (I don't get it). Anyways, the stock opened higher and then sold off. The reason for the reversal was because the stock slammed into a great resistance trend line (as seen in the chart below). This triggered my short. This is a no-brainer trade in my opinion as the stock was so insanely overbought that it was a huge pullback opportunity. Add in the massive trend line and it likely is a recipe for profit.




Gareth Soloway
InTheMoneyStocks

[123boom]

50 day is not far from crossing the 200 day.

[123boom]

Interesting on Amazon and Who it effects in the market place. Costco at the bottom of the list.

[nowwhat2]

Just a continuing example of TA :









This is how TA (and Ruler-Lines) work.


.

[nowwhat2]

The Great COSTCO Down-gap.....

[123boom]

100% agree the funny thing is Amazon can't really play in Coatco market. But with Costco buying power they could play in Amazon's. They need to stream line there online platform but I just bought 2 pairs of nice swim shorts and a Underarmer t shirt for $34 crazy good price, all online.

[Maciste]

Cramer is a poor excuse for a human being.

[kurider]

Agree with you!!!

[Maciste]

Typical BS market reaction. Long and strong COSTCO.

[chriswolff]

COST and AMZN operate in different niches. How many of you have both a Prime and Costco membership? Say yes. Steady climb back to 180 EOY

[123boom]

Will do!!!

[JWard99]

Shorty spit roast today! Lock your shares up! Set sell orders in the 170s and force these shorts to cover higher! I see 168 at 4 pm

[jones99]

COST is still at a massive discount. No problem with profit taking at these levels, great opportunity to add more before ER!

[yankeeharleyboy]

Costco
In the wake of the hurricane here in Florida, joust this week alone
You can't move in this place
Wall to wall people , buying everything
This place is so busy all the time
There stock should be through the roof
Forget amazon, this place rocks
People come for samples
People come for the selection
People come for t he quality of all there products
Always busy, always
Costco blows the competition away
For whoever it is who thinks they are on th Same level
It's like lowes to homedepot
No comparison, homedepot is king
Costco is king
These internet people will see the difference
If you cannot touch it, smell it, sample it,
THERE MISSING OUT ON AN EXPERIANCE IN RETAILING
AT THIS STORE
BUY COSTCO

[chriswolff]

3-day swing from 155 to 159 + change for me. I'm happy w/ that. Probably crawls back to 160 but market still wants sizeable correction.

[Hana3]

Funny selling 1 share at a time try to bring down sp

[Hana3]

Wow , crazy . I work for amazon for now . It is slave drive Co . Very little pay , 95% ppl quit before 1 month . Massively they hire ppl and drop out . Ppl can't handle physical demand they are pushing. Amazon create poverty, and killing other Co . Believe it is bad Co . Like Costco ppl happy there . Co care about employees. Not many Co out there like Costco . Hope Costco recover from this soon .lol

[kurider]

Costco has its own niche. Over reaction in my opinion, looking for bottom to add more

[123boom]

I live in Seattle area and it is like a cult. I asked my father-in-law do you think it's like this everywhere and he said I think so.

He told me they just opened one in Norway and people are going nuts for it.

[Maciste]

My wife works for Costco, it's a great company to work for. Well managed as well.

[123boom]

No doubt go try to find a spot to park there.

[Maciste]

I agree. Typical market overreaction. I know the deal closed earlier than expected, but this is old news now. I'm confident in that the stock will rebound soon.

[123boom]

Amazon/ whole foods price cut on food. I highly doubt they can ever go toe to toe in Costco space.

[Maciste]

Why the drop today? Did they report earnings? I haven't seen anything.

[kurider]

I thought they reported earnings today, guess I was mistaken. Either way, I see this going back to 175+. Oversold on amazon buying Whole Foods.

[Hana3]

Want to hold long here . Don't like trade. Not good at that . Hope we all are lucky ones :))

[kurider]

This is going to rocket up when they report earnings Thursday

[Hana3]

Went to shop there today , nothing slow them , busier then before . Sale is up but sp is down lol . How anyone can explain cost has more income then amazon and sp is crazy different

[khaliis]

170 and up price target from most analysts . this baby has far to go

[khaliis]

just got in. the bearish engulfing seems to not be doing to well. might reverse by eod

[Hana3]

So happy I got in when ppl are dumping. Going to hold long . I am customer of cost. Love to shop there . Lol spend too much money there .

[JWard99]

Sales numbers good and consistent with last three months - daytraders don't over hype -don't expect big moves but 1-2% should be good.

[jones99]

Double bottom around the $150s. July sales numbers show an 8.8% increase. Time for a breakout back to the $180s in a couple of months.

[T695]

Nice day here today

[JohnCM]

There will be an opportunity here.

[Hana3]

Where is the bottom sp , and start go up .

[123boom]

Macd just crossed over, North bound.

[123boom]

I don't think it will go to the mid 140. The Macd is about to cross over indicating bullish move up. But we will see who is right it is the stock market.

[JWard99]

Below $151 indicates going to mid-$140's. BTW Buffett sold his Costco stock a long time ago. You will see his disclosure soon!

[jones99]

Got long Costco. Sell at 200 or higher. This one is likely be acquired by WMT IMO rather than bidding for WFM

[Hana3]

What is future with Amazon , slaves one person's wealthy no place to go shop . Everything closed. Deserted city .. haha .

[123boom]

I live in Seattle area. They do and they are a job crusher. If they stay on pace the gov. Will step in and do something. Than the Amazon party will cool off. But I predict they will become the biggest co in the US before that happens. But if you have gone to Castco recently good luck finding a parking spot. A great American co. No reason to take a hit.

[Hana3]

Amazon is poison to society, people working st amazon like slaves. Lol

[123boom]

It's funny to me that this sp has declined. Costco 7% growth in net sales for June. I would like to see Amazon try to go head to head with Costco in Costco space.

[chriswolff]

Weekly 160 calls. Let's make it a 500% run this week! Need 165 and hopeful

[JWard99]

COST is not in the same market as AMZN & WFM. Get over your theories and assumptions. Come next ER people will shut up.

[chriswolff]

No crystal ball but I wouldn't be surprised to see this back to high Territory in short time , complete nonsense move.

[AugustStockInformer]

Merger with Alibaba?

Interview with Richard Galanti the CFO:
https://www.twst.com/interview-evp-cfo-director-costco-wholesale-corporation-nasdaqcost/

TWST: In 2014, Costco opened an online store in China via Alibaba. How is that going? What are future plans to evolve Costco to meet the rise of online commerce?

Mr. Galanti: First of all, our online e-commerce business worldwide is a little under $4 billion. In the past several years, it’s grown in the mid- to high-teens year over year. It is still small as a percentage of our company, less than 4% of our $100 billion-plus business. In terms of Alibaba Tmall, we are offering approximately 160 items on the Tmall site. Many of them are private-label Kirkland Signature items, and it’s been a success thus far.

[ITMS]

Costco Plunges Lower, Know This Trade Level

Today, leading wholesale warehouse retailer Costco Wholesale Corp (NASDAQ:COST) is declining by $4.06 to $163.03 a share. The retail giant's stock price has been coming under pressure since early May when the shares traded as high as $183.18. Currently, COST stock is sitting right on its 200-day moving average so there is some near term daily chart support.

Unfortunately, the better and stronger institutional support level for COST stock price will be around the $157.00 area. This is a spot on the chart that has a gap window from December 8th, 2016. Often, this level will be defended when retested. This level presents a very solid risk/reward long (buy) side opportunity in the stock.



Nicholas Santiago
InTheMoneyStocks