Overall market sentiment has been high on Costco Wholesale Corporation (COST) stock lately. COST receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With COST Stock Today?
Costco Wholesale Corporation (COST) stock is up 1.75% while the S&P 500 has fallen -0.29% as of 2:24 PM on Tuesday, Jul 7. COST is up $5.46 from the previous closing price of $311.49 on volume of 1,792,110 shares. Over the past year the S&P 500 has risen 6.54% while COST is up 17.65%. COST earned $8.37 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 37.91.
To see the top 5 stocks in the Discount Stores industry click here.
More About Costco Wholesale Corporation
The leading warehouse club, Costco has 782 stores worldwide (at the end of fiscal 2019), with most of its sales derived in the United States (73%) and Canada (14%) and a large presence in Mexico, the United Kingdom, and Japan. It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 40% of fiscal 2019 sales, with ancillary businesses (such as fuel and pharmacy) 19%, hardlines just over 16%, fresh food 13%, and softlines 11%. Costco's warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 4% of Costco's global sales come from the e-commerce channel.
