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public:sotm:updown [2022/09/14 19:54] – [2022-05] rajupublic:sotm:updown [2023/08/18 15:23] – [2023-05-22 Why is Costco down today?] raju
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   * S&P 500 dropped from 4,110.41 (closing price on 2022-09-12) to 3,932.69 (closing price on 2022-09-13)   * S&P 500 dropped from 4,110.41 (closing price on 2022-09-12) to 3,932.69 (closing price on 2022-09-13)
   * S&P 500 return = -4.32% (= round(((3932.69 / 4110.41) - 1)*100, 2)   * S&P 500 return = -4.32% (= round(((3932.69 / 4110.41) - 1)*100, 2)
 +  * 10-year U.S. Treasury yield went up from 3.297% to 3.422%
 +  * CPI annual return
 +    * 2022-08, 8.3%
 +    * 2022-07, 8.5%
 +    * 2022-06, 9.1%
 +  * core CPI annual return
 +    * 2022-08, 6.3%
 +    * 2022-07, 5.9%
 +    * 2022-06, 5.9%
 +
 +Ref:-
 +  * https://finance.yahoo.com/quote/%5EGSPC/history/
 +  * https://www.wsj.com/articles/us-inflation-august-2022-consumer-price-index-11663017630
 +
 +==== 2023-04-20 why is costco up today? ====
 +Observation:
 +  * time = 2023-04-20 12:04 pm
 +  * prices = {VOO: \$378.69, COST: \$508.36}
 +  * returns = {VOO: 48 bps, COST: 249 bps} 
 +
 +Hypothesis:
 +  * On 2023-04-19, Costco announced that they will be increasing the cash dividend from 90 cents to $1.02 per share. The dividend is payable May 19, 2023, to shareholders of record at the close of business on May 5, 2023.
 +    * Ref:- https://investor.costco.com/news/news-details/2023/Costco-Wholesale-Corporation-Announces-an-Increase-in-Its-Quarterly-Cash-Dividend/default.aspx Costco is increasing .
 +
 +==== 2023-05-22 Why is Costco down today? ====
 +Observation:
 +^ Stock ^ 2023-05-19 close (\$) ^ 2023-05-22 close (\$) ^ 2023-05-22 return (bps) ^
 +| COST |  496.52 |  491.87 |  -94 |
 +| VOO |  384.57 |  384.78 |  5 |
 +
 +Is there anything that could explain this?
 +
 +I checked
 +  * No dividends are paid on either 5/19 or 5/22
 +  * No news on https://investor.costco.com/news/default.aspx
 +
 +What else?
 +
 +Ref:
 +  * https://finance.yahoo.com/quote/COST/history?p=COST
 +  * https://finance.yahoo.com/quote/VOO/history?p=VOO
 +
 +==== 2023-08-18 VOO vs. 10 year treasuries yield ====
 +  * From Aug 1st 2023 through Aug 17th 2023, VOO went down ~5% (from $420 to $400); US 10 year note went up 25 bps (from 4.05 bps to 4.30 bps).
  
-Ref:- https://finance.yahoo.com/quote/%5EGSPC/history/ 
public/sotm/updown.txt · Last modified: 2023/08/18 15:23 by raju