Top Four Catalysts for the S&P 500 and Dow Jones This Week
Here are the top four catalysts for the S&P 500 and Dow Jones indices this week, including the upcoming XI-Trump meeting.
Stocks · News reference
Costco stock has dropped and is nearing the bear market zone as investors remain optimistic that the upcoming earnings will turn it around
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Here are the top four catalysts for the S&P 500 and Dow Jones indices this week, including the upcoming XI-Trump meeting.
The article compares Eli Lilly and Costco as defensive stock picks for cautious investors amid market hesitation. Eli Lilly benefits from its dominant GLP-1 weight loss drug portfolio (Mounjaro and Zepbound), while Costco offers stability through its membership-based business model with high renewal rates. Despite both stocks being reasonably valued, the author recommends Costco as the better buy, trading at approximately 39x forward earnings compared to Eli Lilly's historical valuation levels.
Costco will report Q4 earnings Sept. 24, with analysts expecting $6.53 EPS and $94.89B revenue; analysts maintain bullish ratings and targets.