Dollar Index Futures (December 22)

Costco reports a mixed quarter, but we see positive catalysts on the horizon

Costco reports a mixed quarter, but we see positive catalysts on the horizon

Leave a Comment / Business / By

Costco Wholesale (COST) reported mixed first-quarter fiscal results after the closing bell on Thursday amid weaker consumer demand. But the Club continues to see the fundamentals of the business as strong and is encouraged by the planned rise in membership fees and the bulk retailer’s special dividend. Total revenue, which includes dues revenue, rose 8% …

Costco reports a mixed quarter, but we see positive catalysts on the horizon Read More »

Expect more turmoil after a week of mixed market signals

Expect more turmoil after a week of mixed market signals

Leave a Comment / Markets / By

All major stock averages closed higher for the week thanks to a Friday afternoon rally that pushed the Dow back into positive territory. Several key economic reports drove the action, including the ADP November Nonfarm Payrolls and Employment Reports and the October Personal Spending Report. Most important, perhaps, was Federal Reserve Chairman Jerome Powell’s comment …

Expect more turmoil after a week of mixed market signals Read More »