❮ Return to Blog

Week Ahead on Wall Street

Week Ahead on Wall Street

Estimated reading time: 4 minutes

Is Costco Due For a Membership Fee Hike?

Costco (COST) has a cult following. Would a higher membership fee change that? 

Historically, Costco has increased its membership fee just about every six years. And the last time it hiked its fee was in June 2017, more than six years ago. So the company could be overdue for another increase. Investors will keep an ear out on the company’s Tuesday earnings call.

The fairly routine decision could add millions to Costco’s bottom line. Growth hit a mild post-pandemic slump, and net income decreased year-over-year last quarter.  Still, the company’s stock is up more than 22% on the year, and some analysts believe growth could be on the upswing, too — particularly with a potential fee rise on the horizon. 

In the past, Costco membership fee increases have been marginal, increasing only $5 to $10 depending on the plan. Nevertheless, it could make a notable difference — not just to eager shareholders, but to budget-stretched consumers, too.

Economic Data

On Tuesday, the Case Shiller Home Price Index for July is kicking off notable economic data for the week. In June, this 20-city home price index fell by 1.2% from the prior year, marking the third consecutive month of declines. Investors will also watch for a report on the number of new homes sold in August.

On Wednesday, investors get an update on the 30-year fixed-rate mortgage, which stubbornly remains above 7%, as well as durable goods orders for August. In July, new orders for manufactured durable goods in the U.S. dropped by 5.2%.

On Thursday, the Commerce Department will release the final reading of second quarter GDP data, as well as quarterly inflation numbers measured by the PCE. The core PCE price index is the Federal Reserve’s favored inflation measure. The Department of Labor will publish weekly jobless claims.

Finally, Friday will bring some more consumer data with the release of August spending and income metrics, as well as the PCE for August, and the University of Michigan Consumer Sentiment survey for September. This data is key, because consumer spending drives a large portion of the U.S. economy.

Earnings Data

Today, Thor Industries (THO) will kick off earnings for the week by. Investors will expect updates on recent management changes, as well as the RV maker’s partnership extension with the Girl Scouts of America.

On Wednesday, Paychex (PAYX) will keep the action going, and likely discuss the departure of its CFO.Thursday will be the busiest day of the week, with earnings reports coming in from Accenture (ACN), CarMax (KMX), and Nike (NKE).

SoFi Securities (Hong Kong) Limited and its affiliates (SoFi HK) may post or share information and materials from time to time. They should not be regarded as an offer, solicitation, invitation, investment advice, recommendation to buy, sell or otherwise deal with any investment instrument or product in any jurisdictions. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
SoFi HK does not make any warranties about the completeness, reliability and accuracy of this information and will not be liable for any losses and/or damages in connection with the use of this information.
The information and materials may contain hyperlinks to other websites, we are not responsible for the content of any linked sites. The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi HK. These links are provided for informational purposes and should not be viewed as an endorsement. The risk involved in using such hyperlinks shall be borne by the visitor and subject to any Terms of Use applicable to such access and use.
Any product, logos, brands, and other trademarks or images featured are the property of their respective trademark holders. These trademark holders are not affiliated with SoFi HK or its Affiliates. These trademark holders do not sponsor or endorse SoFi HK or any of its articles.
Without prior written approval of SoFi HK, the information/materials shall not be amended, duplicated, photocopied, transmitted, circulated, distributed or published in any manner, or be used for commercial or public purposes.


About SoFi Hong Kong

About SoFi Hong Kong

SoFi – Invest. Simple.


SoFi Hong Kong is the All-in-One Super App with stock trading, robo advisor and social features. Trade over 15,000 US and Hong Kong stocks in our SoFi App now.