Costco Stock Has Had a Great Year and New Earnings Could Push It Even Higher
Costco Wholesale (COST) stock has been a fairly steady performer for years, even if it’s backed off recent all-time highs. Yet Robert W. Baird thinks that its upcoming fourth-quarter earnings report will be a strong one.
Where we were: Costco stock has outperformed the broader market and the SPDR S&P Retail ETF (XRT) this year, rising more than 27%, although some analysts have gotten worried about valuation.
Today's Trade of the Day | 10-4-18
Pot stocks are on fire. Should you trade them? Can you handle the swings? Can you handle the potential losses? Is the trade one that has an edge? Does the price action match YOUR edge?
I've done quite a few coaching calls the last 30 days with both new and experienced traders. One common theme runs through most of the calls. They are all struggling (which is why they asked for coaching) and 95% of them want to trade the most volatile stocks.
They scan for stocks with the headline news and want to make a killing in one trade. Many jumped into TLRY and other pot stocks recently. I don't know you, your goals, your risk tolerance or the amount of capital you have. But remember why you decided to trade...
If you're trading for excitement or the quick home run, close your account, put your money in an ETF and let it sit. If you opened an account to run a trading business, be smart and work your orders in stocks like this. You don't need to earn your month in one trade.
Stocks to Trade | Thursday Edition 10-4-18
Bullish Cash Flow Trades: AMRN, TLRY, I, ACAD, PAGS, BHC, MPC, CXO
Bearish Cash Flow Trades: ip, gds, sfix, mchp, nktr, dhi, kmb, exas, tndm
New 20 Day Breakout: EOG, GILD, LLY, APA, SLB, INTC, BA, DE, CAT, XLNX, VLO
New 20 Day Breakdown: ip, sfix, mchp, nktr, dhi, dg, amd, tap, len, pep, dwdp, kss, bby
Double Normal Volume: AMRN, BILI, SFIX, AA, LEN, XLNX, IP, CPRT, CCK, DG
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