Let's talk about the markets.
An Update on the Coronavirus
Cases worldwide have surpassed 100,000, with over 3,200 deaths.
Lawmakers approved a $8.3 billion emergency spending package to halt its advance in the world's biggest economy.
Here's what Cramer is watching now:
Then There's the Jobs Report
While the market didn't blink an eye, the jobs report came in very strong with 273,000. That handily beat the expectations for 175,000.
For the quarter ended Feb. 16 the Issaquah, Wash., company earned $2.10 a share, up 4.5% from $2.01 in the year-earlier quarter. Analysts surveyed by FactSet were expecting Costco to earn $2.07 a share.
And same-store sales grew 8.9%, reflecting rises of 9.1% in the U.S., 8.9% in Canada and 7.9% internationally. Analysts were expecting total growth of 6.8%.
“February sales benefited from an uptick in consumer demand in the fourth week of the reporting period,” Costco said in a press release. “We attribute this to concerns over the coronavirus.”
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