DIRS.INFO The most relevant business & tech news

☆ Costco Keeps Members and Investors Guessing
▼ + stars: | 2023-09-27 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/costco-keeps-members-and-investors-guessing-2a3e9c66

Persons: Dow Jones Organizations: costco

☆ What Cramer thinks a potential government shutdown, auto strike mean for equities
▼ + stars: | 2023-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Equities give up gains Stocks lost steam in midmorning trading Wednesday, with the S & P 500 down 0.07%, as equities gave up early gains and bond yields again strengthened. However, Jim Cramer said Wednesday that a potential shutdown of the federal government , in conjunction with an escalating strike by the United Auto Workers union, could "take out a big chunk of economic activity." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, we'll, Jim Cramer's Organizations: CNBC, Costco, Treasury, United Auto Workers, West Texas, Costco Wholesale, Federal Trade Commission, Citigroup, Walmart Locations: U.S

☆ Costco CEO Craig Jelinek: We're seeing more young people sign up for memberships
▼ + stars: | 2023-09-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCostco CEO Craig Jelinek: We're seeing more young people sign up for membershipsCostco CEO Craig Jelinek joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the impact of inflation, continuing digital integration and more.

Persons: Craig Jelinek, Jim Cramer

☆ Costco is selling gold bars and they are selling out within a few hours
▼ + stars: | 2023-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Costco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars. Wait, gold bars? "I've gotten a couple of calls that people have seen online that we've been selling one ounce gold bars," he said. Zoom In Icon Arrows pointing outwards Costco selling 1 ounze gold bars. Stock Chart Icon Stock chart icon Gold futures, last 5 years

Persons: Richard Galanti, Galanti, I've, it's, Jonathan Rose, Rose Organizations: Costco, Suisse, Genesis Gold, U.S .

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. A pullback in the 10-year Treasury yields provided some relief to megacap growth stocks including Apple (AAPL.O), Microsoft (MSFT.O), Tesla (TSLA.O) and Alphabet (GOOGL.O), up between 0.4% and 0.6%, in premarket trading. Amazon.com (AMZN.O) edged 0.2% higher after Tuesday's sell-off following the U.S. Federal Trade Commission's antitrust lawsuit against the online retailer. Costco (COST.O) dipped 2% even though the wholesale retailer reported better-than-expected fourth-quarter results, with analysts pinning the fall on broader market concerns. Reporting by Ankika Biswas, Shashwat Chauhan and Amruta Khandekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Peter Cardillo, Jerome Powell's, gridlock, Ankika Biswas, Shashwat Chauhan, Amruta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Costco, Dow, Nasdaq, Federal, Apple, Microsoft, U.S . Federal Trade, Dow e, Spartan Capital Securities, U.S . Senate, Republican, Rivian Automotive, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ Costco shrugs off 'shrink' while Target closes stores due to 'theft'
▼ + stars: | 2023-09-27 | by ( Courtney Reagan | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCostco shrugs off 'shrink' while Target closes stores due to 'theft'CNBC's Courtney Reagan reports on news from Costco and the broader retail sector.

Persons: CNBC's Courtney Reagan Organizations: Costco, Target

☆ Costco CEO Craig Jelinek talks Q4 earnings results with Jim Cramer
▼ + stars: | 2023-09-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCostco CEO Craig Jelinek talks Q4 earnings results with Jim CramerCostco CEO Craig Jelinek joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the impact of inflation, continuing digital integration and more.

Persons: Craig Jelinek, Jim Cramer

Paris/London CNN —Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. “From September 29, the 750 service stations of Leclerc hypermarkets will be selling petrol ‘at cost price’ every day. This, of course, means with no profit,” Michel-Edouard Leclerc, president of the E. Leclerc group, wrote on X, formerly Twitter, Tuesday. Making zero or very little profit on fuel sales may be new for French retailers but their US counterparts have been doing it for years. Gasoline sales at the warehouse clubs are an important part of their business and draw customers inside.

Persons: Leclerc hypermarkets, ” Michel, Edouard Leclerc, Leclerc, Emmanuel Macron, “, ” Leclerc, ” Organizations: London CNN, Carrefour, CNN, US, Costco, BJ’s Wholesale, Sam’s Locations: Paris, London, France

☆ Costco beat on earnings and won Wall Street upgrades. What the pros say to do next
▼ + stars: | 2023-09-27 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Costco from investors and analysts. The pros, including Jim Cramer , discussed the leading wholesale club after it topped earnings and revenue expectations and reported 71 million paid household members, up nearly 8% from a year ago. Costco's stock received several analyst upgrades after the results, closing Wednesday up 1.9%. It is currently held in Cramer's Charitable Trust portfolio.

Persons: Jim Cramer Organizations: Trust

☆ Jim Cramer says Costco just reported a 'beautiful quarter' and its stock is worth owning
▼ + stars: | 2023-09-27 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer touted the strength of Costco 's (COST) business on Wednesday, the morning after the membership-based retailer reported solid quarterly results. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Shares of Costco rose more than 1.5% Wednesday apiece, pushing the stock's year-to-date gains to around 23%. However, the initial reaction to Costco's after-the-bell earnings report — which topped Wall Street's sales and profit expectations — was somewhat sour. Some of the disappointment may stem from the fact Costco "didn't give you a special dividend" and "'didn't raise prices for members," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Jim Cramer's, — Organizations: Costco, Investors

☆ Costco beat on earnings, stock upgraded by firms. Here's what the pros say to do next
▼ + stars: | 2023-09-27 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCostco beat on earnings, stock upgraded by firms. Here's what the pros say to do nextJim Cramer, Jason Snipe of Odyssey Capital Advisors and Joe Terranova of Virtus Investment Partners talked about Costco after the company reported fiscal fourth-quarter results that beat on the top and bottom lines and saw an 8% uptick in memberships year-over-year.

Persons: Jim Cramer, Jason Snipe, Joe Terranova Organizations: Costco, Odyssey Capital, Virtus Investment Partners

☆ Costco shoppers are continuing to cut back on big-ticket items, even as inflation falls, as Americans put off buying jewelry, laptops, and furniture
▼ + stars: | 2023-09-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The average ticket value was down 4.5% in the US, which its CFO attributed to lower sales of higher-value non-food discretionary items. In the previous quarter, the average ticket size had been down 3.5% compared to the same period in 2022. During that quarter, these items made up 55% of e-commerce sales but just 8% of in-warehouse sales, Galanti said during its earnings call in May. Audio product sales were up "a little" and TV sales were up but the average price point had come down, he said. From July to August, the average price of some items including tomatoes, eggs, cheese, rice, cereal, and bread declined, the data shows.

Persons: —, execs, Richard Galanti, Galanti Organizations: Costco, Service, of Labor Statistics

☆ Stocks making the biggest moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
▼ + stars: | 2023-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. ChargePoint , Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively after UBS initiated coverage of the electric charging stocks with buy ratings. XPO — Shares added roughly 2% after XPO stock was upgraded to outperform from Evercore ISI, with analyst Jonathan Chappell highlighting margin growth potential and stronger pricing power. Mattel — Shares of the toymaker rose more than 4% after Morgan Stanley initiated coverage of Mattel with an overweight rating. AAR Corp — Shares of the aircraft services company rose 2.3% on the back of its quarterly earnings report.

Persons: MillerKnoll, XPO, Jonathan Chappell, Morgan Stanley, Levi Strauss, TD Cowen, Levi's, Piper Sandler, Kosmos, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Media, Warner Bros . Discovery, Paramount Global, Comcast, Disney, Netflix, UBS, Costco —, Costco, Evercore ISI, Mattel —, Mattel, Federal Trade Commission, AAR, Kosmos Energy, Bank of America

☆ Stocks making the biggest moves premarket: Levi Strauss, Costco, ChargePoint, Mattel and more
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. Levi Strauss — The apparel maker advanced 1.3% in premarket trading after TD Cowen initiated coverage of the stock at an outperform rating. Mattel — Shares of the toymaker gained 2.4% in premarket trading Wednesday after Morgan Stanley initiated Mattel with an overweight rating, calling it a top pick.

Persons: Levi Strauss, TD Cowen, Levi's, ChargePoint, XPO, Jonathan Chappell, Joe Biden, Morgan Stanley, Alex Harring, Jesse Pound, Samantha Subin, Pia Singh Organizations: Woodbury, Sirius XM, Liberty Media, Costco, UBS, Evercore ISI, United Auto Workers, Mattel —, Mattel Locations: Central Valley , New York, U.S, Michigan

☆ Analysts loved Costco's earnings report—Here's where they say the stock is headed next
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Lasser also labeled Costco stock as "the gold standard." Bank of America's Robert Ohmes reiterated a buy rating on Costco stock, with a $610 per share price target. Morgan Stanley's Simeon Gutman, meanwhile, restated an overweight rating on Wednesday, accompanied by a $585 per share price target or roughly 6% upside. Goldman Sachs analyst Kate McShane kept a buy rating on Costco stock following Tuesday's quarterly results, but boosted her price target to $603 from $589. He remains neutral on Costco stock with a $530 target price, which is 4% lower than where shares recently closed.

Persons: Costco, Michael Lasser, Lasser, Bank of America's Robert Ohmes, Ohmes, Morgan Stanley's Simeon Gutman, Morgan Stanley, Gutman, Goldman Sachs, Kate McShane, McShane, JPMorgan's Christopher Horvers, Horvers, Citi's Paul Lejuez, Lejuez, — CNBC's Michael Bloom Organizations: Costco, LSEG, 4Q, UBS, Bank of America's Locations: U.S

☆ Costco says its 1-ounce gold bars are real and have been selling out in hours
▼ + stars: | 2023-09-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Costco has been selling one-ounce gold bars. Rand Refinery gold bars cost $1,950 each, while PAMP Suisse bars cost $1,980. AdvertisementAdvertisementCostco has been selling one-ounce gold bars that it says get snapped up in hours. "I've gotten a couple of calls that people have seen online that we've been selling one-ounce gold bars," CFO Richard Galanti told investors Tuesday at the retailer's fourth-quarter earnings call. AdvertisementAdvertisement"It's heavier than I thought," one TikToker said in a video unboxing two bars of gold she bought from Costco."

Persons: —, I've, Richard Galanti, Galanti Organizations: Costco, Rand, Service, Africa's Rand Refinery, PAMP Suisse, UPS Locations: Suisse, Africa's, Swiss

☆ Here are Wednesday's biggest analyst calls: Tesla, Apple, Microsoft, Mattel, Amazon, Costco & more
▼ + stars: | 2023-09-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's newest iPhone are shorter than compared to one year ago. Deutsche Bank reiterates Tesla as buy Deutsche said it sees "meaningful downside risk" in 2024 for Tesla, but that it's standing by its buy rating. " Bank of America reiterates Costco as buy Bank of America said it's standing by its buy rating after the company's earnings report Tuesday. "We initiate coverage of Leonardo DRS with a Buy rating and a $20 price objective, implying 23% upside potential." Bank of America reiterates Walmart as buy Bank of America said it sees gross margin expansion continuing for shares of the big box retailer.

Persons: Tesla, Goldman Sachs, Goldman, Brent, Morgan Stanley, Leonardo, Mattel, Evercore, TD Cowen, Levi's, William Blair, Berenberg, DA Davidson Organizations: Street, HSBC, Johnson, UBS, Apple, Deutsche Bank, Deutsche, Chevron, Bank of America, Occidental Petroleum, Costco, Kosmos Energy, of America, T Bank, MTB, Amazon, Electric Vehicle Supply, Leonardo DRS, BMO, Microsoft, Mattel, Biosciences, Twist Bioscience Corp, Walmart Locations: China, Europe, Berkshire

☆ Morning Bid: Markets catch breath after bruising recoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +5 min

China's markets will also be disrupted by Golden Week holidays next week. Ten-year Treasury yields hit another 16-year high at 4.56% on Tuesday before dialling back a bit on Wednesday, with 10-year real yields hitting 14-year peaks at 2.24%. Risk spreads in junk bond and overseas sovereign bond markets are also creeping higher again, with exchange-traded U.S. junk bond funds hitting their lowest since May and Italy's government bond yield premium over Germany widening too. Worrying for many investors this week has been how bond yields have climbed despite weaker economic signals and how stock and bond losses are correlating again. World markets were more mixed, with China's bourses managing some gains ahead of the big holiday week.

Persons: Mike Dolan, Goldman Sachs, Jerome Powell's, Neel Kashkari, shakeout, Shorter, China's bourses, Michelle Bowman, Jane Merriman Organizations: Federal Reserve, Minneapolis Fed, Golden, Nasdaq, Big Tech, U.S . Federal Trade Commission, Costco, China Evergrande, HK, United, Treasury, Micron, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Washington, Germany, United States

☆ Costco CEO says more younger people are signing up for memberships
▼ + stars: | 2023-09-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Costco CEO Craig Jelinek told CNBC's Jim Cramer on Wednesday that his company is drawing more young people to its membership base. "We're seeing more younger people sign up, absolutely," Jelinek said. Jelinek said the younger demographic — some of whom may not have started their own families — may be purchasing less merchandise than older generations. But he stressed that Costco is not a "margin house" but a "volume house." According to Jelinek, Costco takes less than a 1% markup on the gold, and that the product drives more shoppers to the website.

Persons: Craig Jelinek, CNBC's Jim Cramer, Jelinek Organizations: Costco

☆ Here's why Target and Costco are having wildly different experiences with America's $41 billion shoplifting problem
▼ + stars: | 2023-09-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Costco and Target issued contrasting statements Tuesday about how retail crime is affecting them. Target said it would close 9 stores, citing crime – Costco said theft was "not a big issue for us." It also noted that theft incidents seem to be getting increasingly violent. Costco's success in skirting the impact of retail theft comes down to several operational factors that seem to run counter to Target's approach to business. AdvertisementAdvertisementAlthough Costco and Target are reporting almost opposite experiences with retail theft, the bigger picture resists superlatives.

Persons: Costco, —, Brian Cornell, Frederic J . Brown, Richard Galanti, Galanti, Cornell, Lindsey Nicholson, Charles Dickens, Dominick Organizations: Costco, Target, Service, Shoppers, Getty Locations: Queens , NY, Seattle, Kirkland, Portland, New York

☆ AI deals give investment banks a glimmer of hope
▼ + stars: | 2023-09-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

About a third of all M&A deals in the first half of 2023 were technology deals, and a lot of that was related to AI, said Berlin. The success of these deals mean more M&A is likely on the horizon, said Dan Ives, a tech analyst at Wedbush. Costco members now have access to $29 online health care visitsCostco is known for its giant tubs of mac and cheese, cheap hotdogs and more-for-less warehouse deals. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Costco is among several retailers, including Amazon, CVS and Walgreens, who are directly providing health care to customers as the demand booms for urgent care access outside of a traditional hospital setting.

Persons: CNN —, Goldman Sachs, Goldman, ” Goldman, David Solomon, Instacart’s, ”, Mitch Berlin, “ You’re, Dan Ives, ” Ives, Taavon Naja, Ramishah Maruf, Parija Kavilanz, Sesame Organizations: CNN Business, Bell, CNN, Wall, Companies, Renaissance, Nasdaq, Cisco, Wedbush, of Foreign, Control, Costco, Costco Pharmacy’s, Amazon, CVS, Walgreens Locations: Americas, Berlin, Iran, Switzerland, United States, PFAS, New York

☆ Three stocks to play as student loan repayment slashes borrowers’ budgets, Jefferies says
▼ + stars: | 2023-09-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Federal student loan payments are coming back in October and a trio of stocks are set to shine as borrowers cut their spending, according to Jefferies. Payments on federal student loans had been paused since March 2020 as part of a package of Covid-era relief measures. A recent poll of about 630 U.S. consumers with student loan debt found that the majority expect to pay $500 or less each month, Jefferies found. Walmart beat Wall Street's estimates for sales and earnings in its fiscal second quarter and hiked its full-year earnings forecast. Shares have popped 21% this year, leaving analysts to only see 3% further upside from here, according to LSEG.

Persons: Jefferies, That's, Randal Konik, WMT, — CNBC's Michael Bloom Organizations: Jefferies, Walmart, Wall, Costco Locations: Maxx, HomeGoods, Sierra

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

☆ Retailers will need to promote in order to drive sales, says Jefferies' Corey Tarlowe
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetailers will need to promote in order to drive sales, says Jefferies' Corey TarloweCorey Tarlowe, Equity Research Vice President at Jefferies, previews Costco's earnings report and the state of the consumer.

Persons: Jefferies, Corey Tarlowe Corey Tarlowe Organizations: Equity Research, Jefferies

☆ Insider Today: The fight for remote jobs
▼ + stars: | 2023-09-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Remote workers are doing anything but work in the afternoons. Elena Noviello/Getty ImagesThere are few topics in corporate America as polarizing as remote work. AdvertisementAdvertisementLengthy, expensive office leases might also discourage companies from embracing remote work. As Aki's story points out, that type of rationale from larger companies has created an opportunity for those willing to support remote work. A company's commitment to remote work might not be forever, even if employees view it that way.

Persons: —, Taylor Swift, Travis Kelce, we've, I'm, Chelsea Jia Feng, Insider's Aki Ito, Aki, What's, Elena Noviello, Goldman Sachs, Leonardo Munoz, Rebecca Szkutak, Dominic, Madori Davis, Snyder, Mark Reinertson, Anthropic, Lindsey Nicholson, Jacob Boomsma, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NFL, nab, TechCrunch, Thistle Technologies, Getty, Employees, Costco, Google, Netflix, Cintas Corp Locations: America, Amazon's, Sioux Falls , South Dakota, Jefferson City , Missouri, New York City, San Diego, London, New York

Search resuls for: "COSTCO"

25 mentions found