Diamonds and Dogs
Costco (COST) higher on an upgrade. The big box retailer is up 2.7% on an upgrade at Oppenheimer with a $335 price target. The analyst is re-establishing the stock as a top pick based on a more accommodative valuation, the potential for well above peer top-line trends and the prospects for a special dividend.
A new coronavirus outbreak in China has the Asian markets lower. Casino company, Wynn Resorts (WYNN) with major operations in Macau, China is down 5% to a one month low following this outbreak. Bad timing for Wynn ahead of the busy Chinese New Year this weekend.
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