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Need Costco to drop so I can start to load up. Probably one of my favorite companies...
Thanks! Adding an alert now. I was hoping it would get below $400 so this is good news.![]()
Its been trading in a range since June. If it gets under $435 it should drop fairly quickly to $389.
The price of the membership is also going up![]()
Its been trading in a range since June. If it gets under $435 it should drop fairly quickly to $389.
Nice. That should boost their numbers. Revenue normally doesn't hurt companies, its their forward outlook/guidance.The price of the membership is also going up
Need Costco to drop so I can start to load up. Probably one of my favorite companies...
Hope soSeeing green tomorrow?
Taiwan Semiconductor Manufacturing Co. said that its revenue could drop as much as around 5% in the current quarter and that it could cut this year's capital expenditures compared with last year, citing weak demand.
TSMC, which reported record full-year revenue in 2022, said Thursday that it expected to post between $16.7 billion and $17.5 billion in revenue in the January-to-March quarter, compared with the $17.57 billion from a year earlier. The last time TSMC's quarterly revenue declined year-over-year was in the first quarter of 2019, according to data from S&P Global Market Intelligence.
The world's biggest contract chip maker has set this year's capital-expenditures budget between $32 billion to $36 billion, compared with last year's record $36.3 billion. Some 70% would go to building up capacity for the most advanced chips, the company said Thursday.
**But they still ran up.
$NVDA on watch today.
Soft landing stocks
Strategists at Goldman Sachs have a new note out, saying that the market is pricing in a soft landing even though the trend of earnings revisions points to a hard landing. They're not that optimistic -- even in the soft-landing scenario, the team led by David Kostin say the S&P 500 will end the year right around current levels, at 4,000. But they identify 46 stocks that could benefit -- profitable, cyclical companies that are trading at price-to-earnings valuations below their 10-year median, among other factors.
One name jumps out: Tesla (TSLA), which trades at 22 times forward earnings versus the 10-year median of 117 times. But the other 45 names are less flashy, ranging from Capital One (COF) and Carlyle Group (CG), to a host of industrials including 3M (MMM), Parker-Hannifan (PH) and Otis Worldwide (OTIS). As a whole, these typically $10 billion companies are trading at 12 times earnings, versus 17 times usually.
In the hard landing scenario, S&P 500 profit margins would shrink by 125 basis points, to 10.9% -- about in line with the median peak-to-trough decline during the eight recessions since 1970, which has been 132 basis points. Consensus expectations are for a 26 basis-point margin decline.
The Goldman team also have a 36 stock screen for a hard landing -- profitable companies in defensive industries with a positive dividend yield. They're typically food, beverage and tobacco companies as well as software and services companies -- including Costco Wholesale (COST), Kroger (KR), Altria (MO), Tyson Foods (TSN), Microsoft (MSFT), MasterCard (MA) and Visa (V). As a whole, these $37 billion companies are trading at 22 times earnings vs. a historical 24 times.
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2023 US Economic Outlook: Approaching a Soft Landing
www.goldmansachs.com