Costco’s COST dip was a response to a problem that I would guess will be fixed.
Costco’s earnings report revealed an IT issue that was affecting its financial reporting. The financials are probably not all that different than we think they are, although I can understand why investors would still want to sell some of their position in Costco.
Here’s the rub. Costco is a particularly fundamentally sound company that’s getting it right on digital growth and customer loyalty. Since the stock fell 5%, I think it now has 5% upside for its next earnings report, assuming it fixes its It issue.
Read the full analysis here.
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Ford Motor Company F is the stock of the day.
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