{"id":23305,"date":"2013-11-06T14:01:39","date_gmt":"2013-11-06T19:01:39","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=23305"},"modified":"2013-11-06T14:01:39","modified_gmt":"2013-11-06T19:01:39","slug":"is-costco-cost-the-new-hot-stock","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/11\/is-costco-cost-the-new-hot-stock\/","title":{"rendered":"Is Costco (COST) the new hot stock?"},"content":{"rendered":"

\"\"Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update<\/a> for Wednesday, the 6th of
\nNovember.<\/p>\n

Could Costco (NASDAQ:COST)<\/a> be the new hot stock for investors? Facebook (NASDAQ:FB)<\/a> still looks good and has all three Trade Triangles positive, suggesting that this stock is in strong hands. Yesterday, Tesla's (NASDAQ:TSLA)<\/a> earnings created a short-circuit in many investors' minds, causing the stock to drop 14% today. In addition to these stocks, I'll also be covering the major indices, gold, which gave a short-term buy signal today, crude oil and the Dollar.<\/p>\n

<\/a><\/p>\n

COST - The New Hot Stock?<\/h2>\n


\nCostco (NASDAQ:COST)<\/a> is a classic membership model, as it makes most of its money from its annual memberships. Costco works on razor-thin margins and is more interested in getting more members to buy more things from them. Technically, this stock looks very good and seems poised to move to the $130 level. It's not sexy like some of the tech stocks and that's the point, this is everyday stuff that Americans buy and need at bargain prices.<\/p>\n

I Still Like Facebook<\/h2>\n

I still like Facebook (NASDAQ:FB)<\/a> and with three green Trade Triangles in place, what is there not to like? It would appear that we are setting up a positive divergence for Facebook and will go through that in more detail in today's video.<\/p>\n

Tesla Blows A Fuse<\/h2>\n

Despite today's sharp downward move of over 14%, the long-term monthly Trade Triangle remains positive for Tesla (NASDAQ:TSLA)<\/a>. I have been on the sidelines based on the intermediate-term weekly Trade Triangle and see no reason to try and pick a bottom in this market. Longer term I still believe Tesla will go higher, but for now it's going to have to have a mechanical rebuild.<\/p>\n

We appreciate your comments, questions and any feedback you may have on the stocks mentioned in today\u2019s post. <\/p>\n

Please feel free to leave your comments, feedback, and any questions below.<\/p>\n

Have a great trading day,
\nAdam Hewison<\/a>
\nPresident, INO.com
\nCo-Creator, MarketClub<\/p>\n

\"Bloomberg\"<\/a> \"BNN\"<\/a> \"CNBC\"<\/a> \"FOX\"<\/a><\/p>\n

Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 6th of November. Could Costco (NASDAQ:COST) be the new hot stock for investors? Facebook (NASDAQ:FB) still looks good and has all three Trade Triangles positive, suggesting that this stock is in strong hands. Yesterday, […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[188,5875,28,5591,23,1529,1768,2074,5500,566,4053],"class_list":["post-23305","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-adam-hewison","tag-costco-nasdaqcost","tag-crude-oil","tag-facebook-nasdaqfb","tag-gold","tag-hot-stock","tag-marketclub-tips-talk","tag-sp500","tag-tesla-nasdaqtsla","tag-trade-triangles","tag-williamr"],"yoast_head":"\nIs Costco (COST) the new hot stock? - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2013\/11\/is-costco-cost-the-new-hot-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Costco (COST) the new hot stock? - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 6th of November. Could Costco (NASDAQ:COST) be the new hot stock for investors? Facebook (NASDAQ:FB) still looks good and has all three Trade Triangles positive, suggesting that this stock is in strong hands. 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