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Omar Venerio
Articles (1291) 

US Stocks to Open Higher on Thursday

Cotsco advances on revenue beat

U.S. markets are set to open high on Thursday ahead of robust economic data which showed that U.S. weekly jobless claims increased to 231,000 versus the expected 220,000.

Shares of Costco Wholesale Corp. (NASDAQ:COST) fell on the heels of the company reporting its financial results for the second quarter. The company posted an adjusted earnings per share of $1.42. The company’s revenue of $33 billion was also higher than the figure reported a year earlier by 10.8%. However, the company fell short of analyst´s estimates by 4 cents in earnings per share but managed to beat by $280 million in revenue. The same-store U.S. sales increased 7.1% and e-commerce sales jumped by 28.5%. Further, the new tax regime positively affected the company’s non-adjusted earnings per share by 17 cents.


• Dollar Tree Inc. (NASDAQ:DLTR)

• Seagate Technology PLC​ (NASDAQ:STX)

• Devon Energy Corp. (NYSE:DVN)

• Wynn Resorts Ltd. (NASDAQ:WYNN)


• Kroger Co. (NYSE:KR)

• Cigna Corp. (NYSE:CI)

• CF Industries Holdings Inc. (NYSE:CF)

• Humana Inc. (NYSE:HUM)

• Kohls Corp. (NYSE:KSS)

Global Markets

The main European stock markets closed higher. The U.K.'s FTSE gained 0.33%, Germany's Dax gained 0.38%, France's CAC advanced 1.07% and Spain's Ibex gained 0.51%.

In Asia, India’s BSE Sensex gained 0.96%, Japan's Nikkei advanced 0.54%, Hong Kong's Hang Seng jumped 1.52% and China's SSE Composite gained 0.51%.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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