Costco Stock (COST)

Meanwhile, in the land of the consumer, CostCo ($COST) and Walmart ($WMT) making new lows as bond yields rise and bond prices drop. With earnings per share expectations likely to be taken lower, the equity risk premium’s discount expands. Positions: None.

Walmart’s ($WMT) shares have dropped from $135 to $113 since mid-May. Costco’s ($COST) shares have fallen from $1095 to $940. Positions: none.

When I was out yesterday I covered shorts in WMT, COST and CAT (for losses). Position: None

I have added to the following shorts: BXMT, CHGG, CZR, GRNY, JOET, MGM, MPTI, RICK, SNBR, WGO and WYNN. New shorts: FIGS, CAT, COST, CVNA and WMT. Position: Short all the above

"Just one more thing" - Lt. Columbo I have covered my COST and WMT shorts (I had them in a pairs trade with a long AMZN) after the close: * COST $980 * WMT $121.75 Both the long end (AMZN) and the short end (COST, WMT) were profitable!