Bulking szn

[The beef 675] [I'm an image] “I’m here for the free samples” - Jeff Hey there carnivores, Markets clawed back a little yesterday. September has been a b*tch... Today we’re talking Costco making it rain. Keep raging, Jeff & Jason [Image] [I'm an image] Bulking szn Costco [reported its fiscal Q4 earnings]( Thursday, and it turns out that its profit, not unlike its products, also comes in bulk. Costco [reported a $4B annual profit]( for the first time in its history #thanksRona. Same-store sales increased by 9.2% this year, which was the largest annual gain since 2004. As for the really-big-box retailer’s fiscal fourth quarter, net revenue increased to a three-year high of $1.39B on sales of $53.4B. Like dropping a 40-pound tub of mayo on your foot, this crushed analysts estimates of $47.5B. Rain drop, drop stock So, why did Costco’s shares fall 2.54% after hours? Apparently, the same factors that lead to an increase in sales also lead to an increase in expenses. Corona giveth and corona taketh away, I suppose. BJ’s bigger brother [reported expenses of $281M]( related to higher wages and sanitation costs, as the company gave bonuses and increased protection for its essential workers. That's more than Amazon can say... The bottom line Beating earnings and protecting workers is all well and good, but let's focus on the only news to come out of Costco that really matters... A story was posted about co-founder Jim Sinegal’s love for throat rockets, [and his exchange]( with president W. Craig Jelinek. Jelinek complained that the company was losing money by continuing to sell a hot dog and soda combo for $1.50. In response, Sinegal said *clears throat*: “If you raise the price of the effing hot dog, I will kill you. Figure it out.” Yeah, figure it out, Craig. [Image] RagingBull’s Most Popular Services Just Went On Sale [Alternate text]( [Come And Get Em’]( [I'm an image] ☑️Pump the brakes. The SEC is not too keen on BMW. It slapped an $18M fine [on the German automaker]( for allegedly lying about its sales numbers and misleading bondholders. BMW supposedly fudged sales numbers between 2015 and 2019 that it used to raise $18B in a bond offering. BMW kept a reserve of unreported retail sales called “the bank” that it used to meet internal monthly sales targets. The problem with that? It wasn’t clear as to when those sales actually occurred. Being an accountant in a former life, I can verify that recording sales when they actually occur is kind of a big deal. All told, an $18M fine on $18B worth of fraud isn’t a bad deal for BMW... ☑️New playlist Spotify is getting into the TV streaming game. The audio giant [joined forces]( with Chernin Group to start offering TV, movie, and digital-video offerings to its millions of subscribers. The move aims to capitalize on the podcast business that Spotify has been growing for the last two years. Soo, Joe Rogan TV. Podcasts, which have mostly been audio, are ripe for conversion to a digital platform. And Spotify has over 1.5M podcasts to work with. But it’s not a one-way street. Chernin Group has plenty of content it hopes to convert to podcasts. It’s responsible for 'Planet of the Apes,' 'The Greatest Showman,' 'New Girl,' and 'Hidden Figures,' among others. ☑️Paying out. Penn National Gaming has been reaping the benefits of its Barstool partnerships as the stock price is up 400% since the two partnered back in April. But that’s not where it ends. $PENN is [offering]( 14M new shares to raise more cash and further invest in its gambling infrastructure. It’s great timing by the company as its shares traded at an all-time high on Tuesday after Barstool reported 63k downloads of its betting app when it launched this past weekend. Investors didn’t like the news that much though as Penn’s shares dropped 7% yesterday. It didn’t help that a Macquarie analyst downgraded the casino operator to neutral. Davey Day Trader about to make that analyst's life a nightmare. ☑️Cool aid.. Now that the House has the government spending bill out of the way, they are working on a new stimulus package. The new coronavirus stimulus bill isn’t as hefty as the previous one, [at only $2.4T](, or roughly $1T less than the previous stimulus package. The new bill includes enhanced unemployment insurance, direct payments to Americans, Paycheck Protection Program small-business loan funding, and aid to airlines. Coronavirus bill, version five, could see a vote as early as next week but let's be honest, probably not. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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