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Stockreport

Will $6 gas in California send Costco stock ripping higher? [Yahoo! Finance]

Costco Wholesale Corporation (COST)  More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Since the start of Operation Epic Fury on Feb. 28, Costco stock has gained 1% — outperforming the S&P 500's ( ^GSPC ) 8.2% drop. The relative outperformance reflects investors rallying around a simple, two-part thesis on Costco. First, spiking gas prices send people to Costco for the cheapest possible gas, which in turn sends them into a Costco store for the cheapest possible groceries. Second, about 26% of Costco's sales come from California, where gas prices have soared to $6 per gallon, on average, the highest in the country. Costco operates gas stations at the majority of its 640-plus US warehouses. Read more: How oil price shocks ripple through your wallet, from gas to groceries Hardly anyone on Wall Street disputes that Costco is experiencing a big sales lift right now, which is likely to show up soon in the release of March sales. What the Street is trying to figure out is if Costco's stock already reflects the market share lift from a more uncertain consumer spend [Read more]
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Don't Miss Out On The Next BIG Stock Move
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Stockreport

Will $6 gas in California send Costco stock ripping higher? [Yahoo! Finance]

Costco Wholesale Corporation  (COST) 
More Company Research Source: Yahoo! Finance
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
Since the start of Operation Epic Fury on Feb. 28, Costco stock has gained 1% — outperforming the S&P 500's ( ^GSPC ) 8.2% drop. The relative outperformance reflects investors rallying around a simple, two-part thesis on Costco. First, spiking gas prices send people to Costco for the cheapest possible gas, which in turn sends them into a Costco store for the cheapest possible groceries. Second, about 26% of Costco's sales come from California, where gas prices have soared to $6 per gallon, on average, the highest in the country. Costco operates gas stations at the majority of its 640-plus US warehouses. Read more: How oil price shocks ripple through your wallet, from gas to groceries Hardly anyone on Wall Street disputes that Costco is experiencing a big sales lift right now, which is likely to show up soon in the release of March sales. What the Street is trying to figure out is if Costco's stock already reflects the market share lift from a more uncertain consumer spend [Read more]
IMPACT SNAPSHOT
EVENT TIME:
COST
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS