Costco (NASDAQ: COST) reported this morning, but it seems most traders--if not all--are waiting for Alcoa (NYSE: AA) to report after the bell. Costco reported a drop in top-line figures (this is important b/c it shows a drop in revenue and means people aren't spending). However, the company did say that over the past 5 weeks, sales are up compared to the same period one year ago. As of this writing, COST is up over 1%.
We'll report more when traders wake up and get to work. :)
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC