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Costco's Digital Sales Jumped 21% and Gas Volumes Hit a Record. So Why Did COST Stock Drop 5%?
Key takeaways
- COST NVDA Costco Wholesale (NASDAQ: COST) investors may be scratching their heads a bit over recent stock price movements following seemingly strong sales and earnings reports.
- On June 3, the big-box retailer posted a huge May sales increase, up 14% from last May to $24 billion.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
COST NVDA Costco Wholesale (NASDAQ: COST) investors may be scratching their heads a bit over recent stock price movements following seemingly strong sales and earnings reports.
On June 3, the big-box retailer posted a huge May sales increase, up 14% from last May to $24 billion. Net sales for the first 39 weeks of the fiscal year are up 10% from the same period last year. Comparable store sales rose 12.5% in May and have jumped 8% through the first 39 weeks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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