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COST, a Portfolio gem -- buy on dips / bargains, STABLE GROWTH.

アップデート済

COST has been a staple go-to-retail outlet to US consumers. Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.

It has been a rosier season for COST, as they beat earnings across the board in their recent quaretly fiscal data.

(USD) May 2024 Y/Y
Revenue 58.52B 9.07%
Net income 1.68B 29.11%
Diluted EPS 3.78 29.01%
Net profit margin 2.87% 18.11%
Operating income 2.2B 11.13%
Net change in cash 1.31B 374.42%
Cash on hand - -
Cost of revenue 51.17B 9.16%

The retail company has seen a +20% surge in the the last 8 weeks jumping from 700 to 850 range. Growth will be inevitable going forward as the company undergoes aggressive expansion and marketing campaigns to beat their counterparts with the likes of TARGET, etc.

The current price of COST is already at premium levels. We may want to see a trim down to EQL levels before re-entering. But this only applies if your swing trading this, otherwise, if you're into investing mode and plan to hold it for a bit, this won't matter.

At this point, profit-taking event may be inevitable anytime now, but just the same, it will be an opportunity to buy the stock on a discount when that time comes.

TAYOR.

トレード稼働中

Daily data update:

As expected COST has trimmed down some of its tops to warrant more price growth going forward. It may proceed to the upside again from the current range.

ノート

COST growth has been impressive since our last post -- tapping the 4 digit peak territory last year before profit taking took it over back to 900 zone.

Now, this resilient retail company is preppin for another re-tap of its previous highs at the current price range. Significant accumulation / net long positioning has been spotted this last few days hinting of a reversal.

Spotted at 910.0