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Stock Market & Financial Investment News

News Breaks
January 3, 2014
12:45 EDTCOST, COST, COSTCostco management to meet with Jefferies
Group luncheon to be held in Las Vegas on January 10 in conjunction with the CES Conference hosted by Jefferies.
News For COST From The Last 14 Days
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May 22, 2015
08:29 EDTCOSTCostco May weekly volatility elevated into Q3 and revenue outlook
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May 18, 2015
07:46 EDTCOSTAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
May 14, 2015
08:55 EDTCOSTBaird says any near-term weakness in Costco a buying opportunity
Baird trimmed its estimates ahead of Costco's Q3 results, but recommended investors use any near-term weakness as a buying opportunity. The firm believes Street sales estimates look aggressive and as a results would not be surprised if the company's streak of three consecutive earnings beats does not continue. However, Baird reiterated its Outperform rating and $165 price target on Costco shares.

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