Surprised that COST hasn't fallen farther AH, revenue growth is nice but gross income actually went down Y/Y. Net income increase is strictly from the tax cut and one time events.
31x P/E
1% dividend
When the recession hits, this will get cut in half easily. P/E ratio is way too high, dividend yield too low.
No active position yet, let's see where it opens tomorrow. Holding XRT puts though, expect a retail reaction to Costco earnings, we'll find out tomorrow morning.
31x P/E
1% dividend
When the recession hits, this will get cut in half easily. P/E ratio is way too high, dividend yield too low.
No active position yet, let's see where it opens tomorrow. Holding XRT puts though, expect a retail reaction to Costco earnings, we'll find out tomorrow morning.
Trade active
Bought some puts on open, this is headed to $180. Not sure how or when, but it will.Note
One thing to note is that Costco employees have a lot of COST stock in their 401k. I can see a lot of them dumping today and Monday, which means a gap down on Monday. Good idea to take some profits here though.Trade closed manually
Decided to close this out and play NKE earnings with the profitsNote
Should have drawn a steeper line, lol. Hope y'all liked the trade. Obviously hit support today, but support means nothing in a bear market so who knows.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.