Costco’s TRAFFIC and 4 Analyst Insights Moving These Stocks Now

Costco Wholesale Corporation (NASDAQ:COST): After conducting store checks, Stifel Nicolaus believes that Costco’s traffic is solid. The firm expects the company to report June, in-line comps. It maintains a Buy rating on the stock.

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O2Micro International Ltd. (NASDAQ:OIIM): Even though O2Micro announced that Q2 revenue fell significantly below its previous rate, Stifel Nicolaus believes that their  industry design activity remains strong, as their designs continue to ramp into production. The firm maintains a Buy rating on their stock.

News Corp. (NASDAQ:NWSA): Following its announcement to break up the company, Comen stated that News Corp remains it’s top, large-cap media space pick. The firm trusts that the break up will be a positive opportunity to receive more attractive valuations as pure entity plays, and the sum-of-the-parts valuation will lead to a significant upside for investors. Shares are Outperform rated.

Alkermes, Inc. (NASDAQ:ALKS): Cowen stated that at current levels, they would be buyers of Alkermes.  He cited its Bydureon drug value and its level of profitability for the company. The firm believes its royalty stream could be worth more than $1B or $8 per share. This should drive a significantly higher valuation for the company. Shares are Outperform rated.

Hewlett-Packard Company (NYSE:HPQ): Citing increased macro weakness, multiple contraction and a lack of catalysts in the near future, Baird lowered its price target on Hewett-Packard after a meeting with management.  Shares remain Neutral rated.

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