Why It's A Bad Day For Costco To Report Q4 Earnings
why it's a bad day for costco to report q4

Why It’s A Bad Day For Costco To Report Q4 Earnings

There are good days and bad days to be announcing earnings. When the market is good, investors are in buying mode. When the market has a bad day, investors do not have the same appetite for risk. As of Thursday afternoon, the markets are leaning to the downside.

Unfortunately for Costco Wholesale Corporation (NASDAQ: COST), the retailer is due to report fourth-quarter earnings after the close. The price action in the issue ahead of the report makes it the PreMarket Prep Stock of the Day.

9 Bad Days For Costco: Along with the S&P 500 index, Costco reached an interim high on Sept. 12 at $542.60. Similar to the index, it has been crushed. It ended Wednesday’s session at $493.07 and is under …

Full story available on Benzinga.com

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