Costco Wholesale Corporation (COST): Today's Featured Services Winner
(
) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 0.1%. By the end of trading, Costco Wholesale Corporation rose 58 cents (0.7%) to $86.39 on average volume. Throughout the day, 3.4 million shares of Costco Wholesale Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $85.58-$87.05 after having opened the day at $85.59 as compared to the previous trading day's close of $85.81. Other companies within the Services sector that increased today were:
(
), up 89.2%,
(
), up 32.3%,
(
), up 18.8%, and
(
), up 16.6%.
Costco Wholesale Corporation operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities. Costco Wholesale Corporation has a market cap of $37.6 billion and is part of the
industry. The company has a P/E ratio of 25.3, above the average retail industry P/E ratio of 25.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Costco Wholesale Corporation a buy, four analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Costco Wholesale Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Costco Wholesale Ratings Report.
On the negative front,
(
), down 33.1%,
(
), down 21.2%,
(
), down 17.2%, and
(
), down 15.3%, were all losers within the services sector with
(
) being today's services sector loser.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
iShares Dow Jones US Cons Services
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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