Diamonds and Dogs

4/16/20

Costco Wholesale (COST) raised their dividend. As other companies cut costs and suspend their dividends to survive, Costco's stock is up 3% not far from all-time highs after raising their dividend 7.7%. Costco last week reported a 9.6% jump in March comparable sales. Costco joins Procter & Gamble and Johnson & Johnson in raising their dividends this quarter.

Rite Aid (rad) lower by 21% on a wider-than-expected fourth-quarter loss. The drugstore chain warned of a "tempered decline" in front-end sales during the rest of their first quarter due to the coronavirus pandemic. However, Rite Aid did see a 33% increase in comparable sales for personal-care items, paper products and over-the-counter medications.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.