Fast Money Blog- 5/27/22

Overall this was a good week for the stock market. For the first time in four months both the Dow Jones Industrial Average and the S&P 500 ended higher for six consecutive days in a row.

In a market that has been bearish for a sustained time, the bulls let it be know that they are buying stocks off a bottom.

In other news S & P 500 component Costco Wholesale Corporation (COST) delivered outstanding Q3 earnings.

On Thursday, May 26th, Costco released their Q3 2022 earnings results. The company reported revenue of $52.6 billion, an increase of 16% year-over-year. Same-store sales increased 10.8% year over year. Costco's e-commerce sales rose 7.4% year over year.

The company’s revenues beat forecasters expectations but didn’t meet some analysts expectations as it relates to earnings.

Here are two important side notes:

• In the Wealthy Investor program we give priority to top-line revenue growth, not bottom-line earnings. In the end it is always top-line revenue growth which will drive stock prices higher.

• Although the stock market has pulled back, there are still stocks that are up 100% or more over the past 5 years, such as COST and Estee Lauder Companies (EL).

5 years ago Costco Wholesale Corporation (COST) was trading at $158 per share.

At Friday’s close the shares were trading at about $467 per share.

$10,000 invested in COST 5 years ago is now worth over $29,400 today.

$100,00 invested in COST 5 years ago is now worth over 294,000 today.

$1 million invested in COST 5 years ago is now worth over $2.9 million.

Most of the stock featured in the Wealthy Investor program have gone up 100% in last 5 years, by contrast, Costco has gone up over 300%.

Although the stock market is off its high, remember there are tremendous investment opportunities that will reveal themselves in 2022.

Tyrone Jackson

The Wealthy Investor