Costco (NASDAQ: COST) volatility flat into less than expected August same-store sales.
COST is recently down $3.21 to $58.40, over a 5% decline. Wachovia Securities says, "COST's 2% SSS gain for August trailed Street estimates of 5.3% and our 4-5% outlook." Wachovia Securities has an Outperform rating on COST. COST overall option implied volatility of 25 is near its 26-week average according to Track Data, suggesting non-directional fluctuations.
Kraft Foods (NYSE: KFT) volatility flat into 2007 financial progress remarks.
KFT is recently trading up $0.46 $32.61. KFT announced at a Lehman Brothers Back to School consumer conference that it remains confident in its 2007 outlook. Irene Rosenfeld, Chairman and CEO of KFT, also reported KFT remains on track to deliver $1 billion in savings from its total $3 billion, multi-year restructuring program. KFT overall option implied volatility of 25 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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