The technical signals of the iconic food company seem lukewarm at best.
Take a look at the long side.
Here's where the stock could be headed.
The big egg producer had a great run as egg prices soared but its forward-looking numbers indicate the banner days are coming to an end.
The technical signals from the consumer products giant indicate it is poised to emerge from a large base pattern.
The status of the market has changed as seven of 11 sectors turn positive -- but not all sectors have pointed upward, so let's look at the charts for each.
More gains appear to be ahead for the shares of the maker of snack foods and beverages.
Wall Street's ratings have not been very impressive.
So much more is expected of Costco than its peers.
JP Morgan raises the consumer products giant to an overweight rating, but its shares still aren't displaying much technical vigor.
P&G's sloppy balance sheet is still moving in the wrong direction.
Investment experts look to these out-of-favor sectors for their top investment ideas for the year.
The recent downturn in consumer staples stocks even as the broad market rises could be a positive sign for the economy going forward.
The ongoing inversion of Treasury yield spreads leads this observer to prepare for a recession that could become evident early next year.
Periods of economic weakness put into sharp focus those companies with reliable earnings streams, and in particular, reliable dividend streams.
These recently downgraded names are displaying both quantitative and technical deterioration.
The shares have yet to hit bottom after an earnings miss.
The beverage and snack food giant is seeing shares get a boost from its results and outlook, but the bigger technical picture isn't encouraging.
The Fed has spoken, and we know a rough ride likely awaits as the inflation battle rages on. So, here we'll compare the First Trust Consumer Staples AlphaDEX and the Consumer Staples Select Sector SPDR funds.
Let's see if the strength can continue.
The beverage giant just posted a second-quarter earnings beat, but whether its stock can push through technical resistance remains to be seen.
These stocks have done me right of late, and are in better technical shape than the market.
The company, despite a nice looking first quarter, has not been in the greatest shape fundamentally.
For now, any rebound is a short-term trading opportunity and nothing more.
Rather than try to catch falling knives, traders should give a look at Merck, IBM and Procter & Gamble.
Here's how I would play the XLP right now.
Names like J.M. Smucker and Kraft-Heinz may seem dull, but they provided needed stability in this kind of market. Let me show you why it's time to get back to the basics.
Let's check the charts and indicators.
The fact is that COST is the kind of retailer that does well when times are difficult.
MKC reported fiscal first quarter financial results Tuesday morning.