Costco Wholesale Corp.

Wells Fargo’s downgrade of Costco underappreciates value

Wells Fargo downgraded Club holding Costco (COST) in a rare move Monday, citing “brewing headwinds” to the wholesale retailer’s growth momentum. We think this call is a mistake and see Costco as a buy here, given the value it continues to offer its customer base amid a decorating economy. Analysts at Wells Fargo said their …

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A fund manager with 50 years of experience is beating the S&P 500 this year

John Kornitzer has been in the investing world for five decades and from his perch outside Kansas City has seen everything from Black Monday to the dot-com bubble. But bear markets don’t scare him. In fact, he sees them as a good time to make moves – for investors who can play their cards right. …

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2 takeaways from Thursday’s Investing Club Morning Meeting

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Thursday’s key moments. It’s not too late to sell Quick mentions: QCOM, COST, HUM 1. It’s not too late to sell Stocks fell on Thursday, continuing Wednesday’s losses after the Federal Reserve reaffirmed …

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Kroger agrees to buy Albertsons for $24.6 billion

Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had closed Thursday at $28.63 after …

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Walmart bets inflation will push customers to join subscription service

Walmart launched its subscription service, Walmart+ in 2020. It has added perks, including deeper gas discounts and free access to Paramount+. Walmart Americans have tons of subscriptions. Even with inflation, Walmart thinks they’re willing to pay for one more. Walmart’s subscription service is Walmart+. The program includes benefits such as free shipping for online purchases, …

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Inflation yet to peak, CFOs say, recession already here or soon to hit

A woman shops for oat milk at a supermarket in Santa Monica, California, on September 13, 2022. Apu Gomes | AFP | Getty Images At CNBC’s Delivering Alpha Investor Summit in New York City Wednesday, several big names in the investor community indicated they see no signs inflation is waning. David Rubenstein, the co-founder and …

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Costco CFO says the $1.50 hot-dog-and-soda combo is ‘forever’

Costco’s chief financial officer has suggested that the wholesaler will keep its famous hot-dog-and-soda combo at $1.50 “forever”. During the company’s fourth-quarter earnings call last week, CFO Richard Galanti was asked whether the retailer would look at increasing the price of its all-beef frank as it looks to deal with tightening margins. After joking that …

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