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danielwilkinson

Stock Analysis 01st-2nd (June)

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Costco (COST) reported that its May total sales rose 3 percent, while its comparable store sales remained flat despite the metric rising 1 percent in the U.S. Excluding the impact of gasoline price deflation and foreign exchange, comparable store sales climbed 4 percent.

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DeVry (DV) announced the appointment of Patrick Unzicker, its Chief Accounting Officer, as its CFO and treasurer, effective May 31st, 2016. The move follows the decision by incumbent Timothy Wiggins to leave the company after a 5-year stint.

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The Dow Jones Industrial Average closed at 17807 on 6/3/16, as the stock market rallied back into the close. The jobs report only produced 38,000 new jobs which is really bearish but Wall St decided to buy the dip anyway. All eyes will be on the Fed rate hike decision on June 14th.

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