A "Window" Into the K-Shaped Economy: Consumer Concerns COST Earnings Show
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Costco (COST) moved higher on Friday following an earnings beat that signaled resiliency amid greater economic uncertainty. However, as Mel Casey notes, membership numbers are what matter the most to analysts to gauge guidance. A slowdown in new memberships initially sent shares to the downside, leading Mel to highlight the importance of a widening K-shaped economy. Jharonne Martis explains how Costco's report gives us a chance to look through a "fascinating window" into the state of U.S. consumer minds. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus
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