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Costco shares fall 1.9% as analysts view latest quarter as good but not stellar

Costco Wholesale Corp. shares COST, -1.56% slid 1.9% Friday, as analysts weighing in on the company’s latest quarterly earnings said they were solid but not stellar. "We would say that COST delivered a strong quarter by most retailers’ measures, but by Costco’s standards was somewhat average," wrote Instinet analyst Michael Baker, who rates the stock as neutral. "While in no way a negative catalyst with the stock trading at ~34.5x FY20 consensus EPS, we think that the market would want more of a beat to get the stock appreciably higher from here, especially with a tougher profit comparison ahead in 2Q." JPMorgan said the stock remains a core long-term holding in its view, as it continues to capture market share from peers and other retailers, while its food business in the U.S. and internationally remains robust. "Moreover, we still see the high probability of a special dividend given COST ended 1Q with $9B in cash," analyst Christopher Horvers wrote in a note. Costco shares have gained 43% in 2019, while the S&P 500 SPX, -0.02% has gained 26%.

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From MarketWatch:

What this man regrets about going from $2.26 to $1 million in five years: Grant Sabatier became very successful at saving and earning money after hitting a low, but he says people should take their own paths — and avoid the mistakes he made on his.

How to talk about estate planning with your family this holiday season without staring a fight: The holidays are special, but some conversations during those festive moments can cause tension. Here’s how to bring up important topics without hurt feelings.

Why all millennials should be pursuing financial independence: The FIRE movement — short for “financial independence, retire early” — has caught society’s attention, and this author argues all young adults should look to achieve part of it.

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Ari Fleischer on House Dems' impeachment push: 'They shot a bullet they can't take back'

The committee adopted both articles, alleging abuse of power and obstruction of Congress, on a party-line vote of 23-17. A final roll call in the full House is expected next week, which could trigger a Senate trial in the new year just as presidential primaries are set to get underway.

Republicans have repeatedly and loudly objected to the impeachment inquiry, which focuses on Trump’s July 25 conversation with Ukraine President Volodymyr Zelensky.

Democrats have alleged that the conversation was part of a quid pro quo in which Ukraine would conduct investigations into Trump’s political rivals in exchange for then-withheld military aid and a White House meeting.

Fox News’ Adam Shaw contributed to this report.

Brazil delays two key rail project auctions for third quarter 2020

BRASÍLIA, Dec 13 (Reuters) – Brazil’s government has pushed back the auction of two vital railway projects until next year’s third quarter, according to a statement on Friday from the infrastructure ministry, which added that the country wants to raise 101 billion reais ($24 billion) by auctioning up to 44 projects.

The government had said it would auction off two licenses to complete and operate nearly 1,500 km (930 miles) of railways in the first half of 2020. ($1 = 4.1964 reais) (Reporting by Anthony Boadle and Isabel Versiani; editing by Jonathan Oatis)

UK election dominates EU summit

European Union leaders meeting in Brussels have been keeping a very close eye on the UK election.

    European Union leaders have been keeping a very close eye on the UK election.

    It dominated discussions on day two of the EU summit in Brussels.

    Al Jazeera’s Natacha Butler has more from the Belgian capital.

    Canada's finance minister to deliver fiscal update Dec 16 – source

    OTTAWA, Dec 13 (Reuters) – Canadian Finance Minister Bill Morneau will unveil a promised fiscal update on the economy on Monday, a government source said on Friday.

    Governments traditionally deliver updates late in the year to provide fresh economic forecasts. (Reporting by Kelsey Johnson; editing by Jonathan Oatis)

    Champions Cup LIVE: Ulster take on Harlequins in crucial clash

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    Craving a career makeover? Follow your passion at your own peril

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    If you’re lucky, you still love your career after 20 or 30 years. But many people in their 40s and up derive little or no joy from their work and yearn for a new start.

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