The stock market edged higher on Monday as strong gains in AI and technology stocks outweighed investor concerns over rising oil prices and tensions in the Middle East.
Overall, S&P 500 was up 0.2% to 7,413, while NASDAQ grew 0.1% to 26,274.
Tweet of the Day
The reason Costco spots recessions before economists is buried in who shops there.
The median Costco household earns above $125K. The US median is around $80K. The typical member is college-educated, owns a home, and has stock-based comp or 401(k) exposure that moves with the… https://t.co/BIZzoZHbxn
— Aakash Gupta (@aakashgupta) May 11, 2026
Chart of the Day
Here is the one-year chart of Costco (COST) as of March 30, 2026, when the stock was at $997.
Costco delivered a solid performance last quarter, posting 14% profit growth on a 9% increase in revenue. This underscored the resilience of its membership-driven model alongside continued e-commerce expansion.
Digitally enabled comparable sales were up 23% last quarter, supported by ongoing improvements across web and mobile platforms, with traffic up 32% on the website and 45% on the app.
In the earnings call, management highlighted that personalized product recommendations drove over $470 million of e-commerce sales last quarter. Meanwhile, membership fee income remained a key driver, increasing 14% year over year on renewal rates exceeding 90%.
Management also emphasized its focus on disciplined pricing and sourcing flexibility to mitigate tariff and cost pressures, reinforcing its core value proposition.
So COST is on the radar and if the stock drops some more, we will likely buy in.
