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...

An effective Earnings Setup for next time

With Earnings Season coming up in the next month or so, I wanted to cover a simple, consistent setup that I use to identify potential earnings trade setups. So for this edition of Tuesday Trade, here’s an earnings trade on TMobile (TMUS)… To start off identifying a potential setup, there’s a great question to ask … Read more

Read More

Diagnosing your Trade Monster

Last week, we talked about what a Trading Monster is. To recap, a Trading Monster lives inside of you and it that takes over, distracting you from your trading plan and causing you to make foolish decisions and mistakes. These mistakes can ultimately make you lose money. So I felt it was appropriate to actually … Read more

Read More

A five-star setup in NET

A Tuesday Trade Edition: One of the most important concepts in trading is to review your work, and learn from the good and the bad. It’s critical to identify what’s working — to do more of it. Each week, you’ll get a trade from my trading journal, in which I explain my whole thought process … 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 Dates

all-as-seen-on-logos