On Thursday May 26, Costco released their latest quarterly earnings and somewhat surprisingly, the stock pulled back after hours. On Friday the stock moved ahead, but the after hours selling was surprising considering the earnings numbers Costco released.
This article looks at the latest earnings from Thursday. the outlook for the stock for the next few weeks and four trade ideas being considered for Tuesday May 31, when investors return after the Memorial Day Weekend.
The rest of this trade ideas article is for FullyInformed Members.
Costco Stock (COST) – Trade Ideas After Earnings for Tue May 31 2022
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted. Read the full disclaimer.
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