Client Challenge

Client Challenge

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Why Costco Stock Dropped Today

Why Costco Stock Dropped Today

Key Points Costco Wholesale (NASDAQ: COST) slid 3.6% through 2:25 p.m. ET Monday after Wall Street bank Roth Capital downgraded the shares from neutral to sell, and set a $769 price target on the $852 stock. Roth says it finds Costco’s metrics “concerning,” reports TheFly.com today, noting that same-store sales growth and member additions are … Read more

Client Challenge

Client Challenge

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Gold opens above $4,300 as rate outlook remains unclear

Gold opens above ,300 as rate outlook remains unclear

Gold () futures opened at $4,330 per troy ounce Monday, nearly even with Friday’s closing price of $4,328.30. The price of gold moved above $4,370 in early trading. After the widely anticipated rate reduction by the Fed last week, gold traders are looking ahead to the Fed’s next rate action. One complication — for the … Read more

Why a Fund Has a $194 Million TIC Solutions Bet Despite a 20% Drop Since Its NYSE Listing

Why Costco Stock Dropped Today

Key Points Dallas-based Permian Investment Partners increased its TIC position by nearly 4.9 million shares in the third quarter. The move contributed to a net value change of about $86.9 million. As of September 30, Permian holds about 14.6 million TIC shares valued at $193.9 million, comprising about 21.9% of fund assets and making this … Read more

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