Traders make bullish bets on Costco, but there could be downside risks brewing

Australia News News

Traders make bullish bets on Costco, but there could be downside risks brewing
Australia Latest News,Australia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Traders make bullish bets on Costco, but there could be downside risks brewing $COST (via OptionsAction)

The wholesale giant's stock got a wave of bullish bets in Wednesday's trading session as options traders put money on their positive outlook for the company's earnings report, scheduled for after Thursday's closing bell.

"Obviously, the stock has been a massive outperformer. It's up 40% on the year," Dan Nathan, co-founder and editor of RiskReversal.com, said Wednesday on CNBC's"The company's doing really well, expected to post 14% year-over-year earnings growth this year," Nathan said. "But [that's] set to decelerate next year."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German institutes slash growth forecasts, warn of downside risksGerman institutes slash growth forecasts, warn of downside risksGermany's leading economic institutes on Wednesday slashed their growth for...
Read more »

Semis slump, but one trader is betting on a breakoutSemis slump, but one trader is betting on a breakoutSemis are breaking down again Wednesday, but one trader sees light at the end of the tunnel.
Read more »

10 things you need to know before the opening bell10 things you need to know before the opening bellThis is what traders are talking about.
Read more »

10 things you need to know before the opening bell10 things you need to know before the opening bellThis is what traders are talking about.
Read more »

https://people.comhttps://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »



Render Time: 2025-04-04 01:42:14