Costco (COST) Offering Possible 19.47% Return Over the Next 29 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $290.00 short put and a strike $280.00 long put offers a potential 19.47% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $290.00 by expiration. The full premium credit of $1.63 would be kept by the premium seller. The risk of $8.37 would be incurred if the stock dropped below the $280.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Costco is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Costco is bullish.

The RSI indicator is at 68.6 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Costco

Why a Longtime Big Investor Has Lost Faith in Buffett and Berkshire
Wed, 16 Oct 2019 08:18:39 +0000
Berkshire Hathaway has been a major market laggard in one of the greatest bull markets, leading a longtime fan of Warren Buffett to dump his holdings.

Ross Stores Opens 42 Outlets for Q3, Completes FY19 Target
Tue, 15 Oct 2019 11:43:11 +0000
Ross Stores (ROST) opens 42 outlets across 19 different states in September and October. This completes its target for fiscal 2019.

Costco Stock Surged to a Record, and One Executive Is Unloading Shares
Tue, 15 Oct 2019 11:00:00 +0000
Paul Moulton, executive vice president, information systems, sold nearly $2 million of the retail giant’s shares. Costco stock remains near an intraday high set last month.

Costco (COST) Is Up 2% in One Week: What You Should Know
Mon, 14 Oct 2019 14:00:02 +0000
Does Costco (COST) have what it takes to be a top stock pick for momentum investors? Let's find out.

New CEO Mark Tritton Could Very Well Be a BBBY Stock Catalyst
Mon, 14 Oct 2019 12:10:05 +0000
Bed Bath & Beyond (NASDAQ:BBBY) has been one of the big victims of this year's Retail Armageddon, the shares falling from an April high of $19.41 to a low of $7.40 in August. But BBY Stock is enjoying a pop of over $2 per share after announcing that Australia-born Mark Tritton, who had been chief merchandising officer for Target (NYSE:TGT), is becoming its CEO.Source: Shutterstock The reaction is a tribute to Target CEO Brian Cornell, who joined in 2014 after a computer hack took down his predecessor. Target now trades at more than twice its level of mid-2017, helped in part by store brands created under Tritton.Can Tritton really take Bed Bath beyond? Can he step up as CEO, or did he reach his full potential as an assistant coach?InvestorPlace – Stock Market News, Stock Advice & Trading Tips Mark Tritton and BBBY StockThe 55-year-old Tritton, who was earning $5 million per year at Target, and learned his stuff at Nordstrom (NYSE:JWN) before jumping to Cornell's team in 2016. He has also worked for Timberland and Nike (NYSE:NKE). * 10 Super Boring Stocks to Buy With Super Safe Returns Bed, Bath & Beyond has been looking for a CEO since May, when Steven Temares stepped down.Tritton made his reputation at Target with house brands which compete with name brands on style. They have names like A New Day, Goodfellow & Co., Project 62 and Cat & Jack. That last is a kids' brand that saw $2 billion in sales during its first year and became a "trip driver," a brand that drove people specifically to the store.Walmart's (NYSE:WMT) strategy, by contrast, has been to buy existing brands like Bonobo's and Bare Necessities. Costco Wholesale (NASDAQ:COST) has put all its effort into delivering high quality through its Kirkland brand. Amazon.Com (NASDAQ:AMZN) has taken a traditional route of value through its Amazon Basics line. The Turnaround Challenge for BBBY StockThe challenge at Bed Bath & Beyond is like the one Cornell faced five years ago. The company has averaged $12 billion in sales per year but has endured four straight quarters of losses, leading it to announce 60 store closings so far in 2019. Sales at stores open over a year sank 6.7% in the most recent quarter.If Tritton can eke out even a small profit, however, BBBY stock can rise quickly. Its current market cap is barely $1.5 billion, and it currently has a 17 cent per share dividend yielding 6.84%.There is almost $1 billion in cash on the books, and long-term debt is just $1.5 billion. Its strengths already had analysts nibbling on it. Two of them jumped to "Buy" recommendations over the last three months, although most remain in the non-committal "hold" camp.The real problem at BBBY should be right up Tritton's alley. Its merchandise is mediocre. It's an old-fashioned "category killer" in the mold of Best Buy (NYSE:BBY) (which could be good) or the late Toys R Us (which would be bad). The website looks great, if it's 2005, with brand names on sale prominently displayed.The company launched its first private house brand, Bee & Willow Home, early this year, with plans to launch five more brands by the end of next year. The Bottom Line on BBBY StockThe BBBY challenge sets up very well for Tritton, if the economy holds up.The company has already taken its first step into private brands. Its balance sheet is reasonably healthy. What it seems to need is pizzazz, and that's what Tritton is known for.Joining the crowd that's nibbling on the stock is speculation, but it's a reasonable one, assuming Tritton really deserves credit for Target's turnaround.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post New CEO Mark Tritton Could Very Well Be a BBBY Stock Catalyst appeared first on InvestorPlace.

Be Sociable, Share!

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.