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0 0.00256670043904083 0.00131712259371829 0.00135089496791617 0.00121580547112467 0.0060114826072272 0.0133400878081729 0.0239446133063153
Stock impact report

Costco Reports Strong March Delivery With $1.5 Billion Sales Bump [Yahoo! Finance News]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Warehouse supermarket chain Costco COSTSimilar to other retailers, COST is also seeing surging consumer demand online with e-commerce sales accelerating by 49.8% in March.However, the results do suggest a recent softening. “We believe this reflects a pull forward in demand, restrictions in stores impeding customer traffic, shoppers browsing less in discretionary areas, and the shutdown of select services” writes Oppenheimer’sRupesh ParikhHe recommends that investors take advantage of a likely continued volatile trade from here, adding “sales trends could slow further from here.” The analyst reiterated his COST buy rating on April 8 with a $335 price target 9.5% upside potential). COST shares have meaningfully outperformed year-to-date, up 4% vs. a 15% decline in the S&P 500.Net-net, Parikh is staying firmly onside when it comes to Costco stock: “We view COST as both an attractive shorter-term beneficiary of money flows related to coronavirus fears and a longer-term winner, which shoul Show less Read more
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