dani-shay dani face dani quote
dani-mobile

What’s up with Costco Earnings?

Hey Five Star!

I’m coming to you from New York City. Last night, I was on “Fast Money”, on the Options Action segment talking about what could potentially happen on Costco earnings today after the close.

This is pretty time-sensitive, so here’s my full analysis with video…

The unique part about Costco is that it’s such a bullish stock, one of my favorites! BUT, historically, it doesn’t do well on earnings.

It’s interesting because there hasn’t been a run into earnings, and it’s been stuck at the $295 area of resistance…. but, there are a ton of call buyers in this stock, telling me traders are very bullish.

But, just like when the put call ratio gets lopsided, the same can happen with an individual stock. So, what do you think? Do you think the call buyers are right, and Costco will trade higher? Or, do you think Costco will trade lower on earnings, giving us a potential buying opportunity?

Check out my CNBC segment for more by clicking the image below. Hit the like if you agree, and give me your opinion in the comment section below!

5 thoughts on “What’s up with Costco Earnings?”

  1. You are correct but COSTCO did end up closing just above the $ 295.00 area of resistance. If corse this post is after the earnings release.

    Reply
    • Yes, that is correct, but I was referring to the move after the earnings report. Upon earnings, it did end up trading lower, and closed at $291.87 on Friday. It typically trades slightly lower after the report, and then rallies in the proceeding weeks.

      Hope that makes sense –

      Danielle

      Reply

Leave a Comment

Up Next...

$6k poolside

Yesterday, when I wrote “For the Love of Trading,” in the pool on my water cell, I was focused on how much I love this profession, and why sometimes I just can’t put it down. I even talked about streaming the trading room on my phone, and how I just had to make a TSLA … Read more

Read More

For the love of trading

It’s not often I take a break from the market. But this week I had a trip to Jamaica planned to spend some much needed time away from the daily grind. I fully intended on taking a total break.  It’s easy to say that — but, after all, the reason why I embarked on this … Read more

Read More

Pot stocks are smoking?

What goes up? With the market at the highs, like we talked about in the newsletter recently, my primary consideration has been short squeezes. This is because these tickers provide quick opportunity, oftentimes overnight, and typically on a large scale. Last week, we talked about tickers like BYND and AMD.  This week, we’ve had several … Read more

Read More

Subscribe Today!

Want to walk the path to trading success together? Join Danielle’s “Five Star Trader” E-Letter for market insights, tips, tricks, and special bonuses.

Sign Up Now

Free Downloads

Squeeze Checklist

When you find a squeeze, check these boxes to see if you’re looking at a higher probability bet.

Risk Checklist

Before we can make money we must define the rules that define our risk parameters.

High Probability Plays in a Directional Market

Download Danielle's free eBook

10 Steps to Becoming a Successful Trader

Commit to becoming a successful Trader

Strategy Selection Risk Gauge

Danielle focuses on creating a constant stream of income through the selection of trend-following, directional plays.

Upcoming Appearances

Check Back for Upcoming Appearances in 2020

all-as-seen-on-logos