Supreme Court's Delay on Tariff Ruling May Favor Costco Wholesale Corp.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Benzinga
- Tariff Ruling Delay: The Supreme Court's postponement of the ruling on the legality of Trump's tariffs may indicate a favorable outcome for the Trump administration, as analysts suggest that a longer deliberation could sway the court's decision, impacting market expectations regarding tariff policies.
- Dimon Rules Out Fed Chair Role: Jamie Dimon, CEO of JPMorgan Chase, has categorically denied any interest in leading the Federal Reserve but expressed willingness to serve as Secretary of the Treasury if invited by the President, highlighting his significant influence in financial policy discussions.
- Trump's Economy Strong: Kevin Hassett, Director of the National Economic Council, defended the strength of the U.S. economy under Trump, asserting that it remains robust despite the Federal Reserve's high-interest rate policies, reflecting the effectiveness of Trump's economic strategies.
- Thiel Donates Against Wealth Tax: Peter Thiel, chairman of Palantir, has donated $3 million to a committee opposing California's proposed wealth tax targeting billionaires, which aims to impose a 5% tax on assets over $1 billion, potentially influencing tax policy and wealth management strategies in California.
Analyst Views on COST
Wall Street analysts forecast COST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COST is 1061 USD with a low forecast of 769.00 USD and a high forecast of 1205 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Analyst Rating
19 Buy
4 Hold
1 Sell
Strong Buy
Current: 956.750
Low
769.00
Averages
1061
High
1205
Current: 956.750
Low
769.00
Averages
1061
High
1205
About COST
Costco Wholesale Corporation (Costco) operates membership warehouses and e-commerce sites that offer a selection of nationally branded and private-label products in a wide range of categories. The Company buys the majority of its merchandise directly from suppliers and route it to cross-docking consolidation points (depots) or directly to its warehouses. It operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. It also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia. The Company provides wide selection of merchandise, plus the convenience of specialty departments and exclusive member services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
