Fund manager Neil Hennessy believes investors should target retail stocks that are likely to thrive in slow-growth economic conditions — but which also stand to benefit when the economy picks up again. Here are some of his fav…
Retail stocks tend to rise ahead of other sectors in the early stages of an economic recovery, and so far, following a familiar pattern, both up-market and discount chains have benefited at the expense of middle-market players. So is it time to buy stock in wholesale clubs?
Continue reading Face-Off on Stocks: Costco, BJ’s, Wal-Mart
Face-Off on Stocks: Costco, BJ’s, Wal-Mart originally appeared on DailyFinance on Tue, 12 Oct 2010 08:27:00.
Filed Under: Investing, Wal-Mart Stores, Costco, Stock Picks, Retail, Video, Market News, Special Report
Some merchants adjusted quickly to the “new normal” of penny-pinching shoppers, but others are still struggling with shrinking consumer budgets or headwinds they were fighting before the bottom fell out. Here’s a look at the tw…
Costco Wholesale Corp (COST) reported earnings of 97 cents per diluted share for the quarter ended Aug. 29, compared with 85 cents per diluted share a year earlier.
Net sales rose to $23.59 billion, from $21.89 billion a year earlier, the company said in a statement. Comparable sales rose 6% from a year earlier, driven by strong international growth.
Earnings for the full year were…
Continue reading Costco Earnings Rise on Overseas Strength
Costco Earnings Rise on Overseas Strength originally appeared on DailyFinance on Wed, 06 Oct 2010 06:29:00.
Filed Under: Company News, Economy, Earnings, Costco, Retail