Costco (COST) earnings report indicated $3.04 in EPS and $52.6B in revenue, beating estimates. Telsey Advisory Group maintains an outperform rating on the COST stock with a lowered price target. “Costco is benefitting from high member loyalty and good execution in a tough retail environment,” says Joe Feldman. Telsey Advisory Group also maintains an outperform rating on the Dollar Tree (DLTR) stock. “Dollar Tree is encouraged by strong sales following the rollout of a higher base point. The company is proactively making structural investments in associates, customer experience, and technology,” Feldman adds. Next, Tom White discusses an example call diagonal option spread with a bullish direction on COST and an example call option spread with a bullish direction on DLTR.
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