Stock Pulse
Costco demonstrated strong March sales, reporting an 8.6% increase in net sales to $25.51 billion and comparable sales growth of 6.4% (9.1% excluding fuel and currency exchange) [4], [8], [9]. E-commerce sales also saw a significant 16.2% increase [4], [8]. The company increased its base membership fee to $65, which is expected to positively impact earnings [2]. Despite these positive indicators, Mizuho initiated coverage with a "Neutral" rating, citing concerns about valuation and limited upside potential at its current stock price [1]. While JPMorgan maintains an "Overweight" rating [6], Mizuho prefers Walmart due to its perceived defensive positioning and profitability [1]. Insider trading activity included the sale of stock by an executive vice president [11].