U.S. wholesale prices climb in August
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Costco Wholesale Corp, looking at the dividend history chart for COST below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 1.1% annualized dividend yield. Turning to the other side of the option chain, we highlight one call contract of particular interest for the January 2016 expiration, for shareholders of Costco Wholesale Corp front page ( NASD: COST ) looking to boost their income beyond the stocks 1.1% annualized dividend yield. Selling the covered call at the $145 strike and collecting the premium based on the $4.80 bid, annualizes to an additional 1.7% rate of return against the current stock price (this is what we at Stock Options Channel refer to as the YieldBoost), for a total of 2.8% annualized rate in the scenario where the stock is not called away. Any upside above $145 would be lost if the stock rises there and is called away, but COST shares would have to climb 22.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 26.9% return from this trading level, in addition to any dividends collected before the stock was called.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/stockoptionschannel/2013/09/16/one-put-one-call-to-know-about-for-costco-wholesale-2/
Energy costs push wholesale prices up 0.3%
More expensive vegetables and chicken lifted food prices 0.6% in August from July. The Federal Reserve, which meets next week, closely monitors wholesale and consumer prices, determined to keep inflation running at around 2%. Consumer prices in July were up just 2% over the previous year. Core consumer prices have increased 1.7% in the past 12 months. A weak economy has contained inflation.
For the original version including any supplementary images or video, visit http://www.usatoday.com/story/money/business/2013/09/13/energy-costs-wholesale-prices/2808987/
The UKs largest cash-and-carry operator said revenues at its eponymous chain of 172 stores grew 3.5 per cent on a like-for-like basis in the 12 weeks to 13 September, despite a 2 per cent fall in tobacco sales. Chief executive Charles Wilson said: Customer numbers were up, generating strong sales. The warm summer weather helped our customers. Total sales, including the Makro business it acquired in a 140 million deal last year, jumped 19.3 per cent compared with the same period last year, with non-tobacco takings surging by 30 per cent. Wilson said the Makro chain, which has 30 stores across the UK, saw its fortunes improve as the year progressed, with non-tobacco sales down 0.6 per cent, compared with a decline of 3.6 per cent in the first quarter.
For the original version including any supplementary images or video, visit http://www.scotsman.com/business/retail/wholesale-giant-booker-lifted-by-warm-weather-1-3100744
Wholesale giant Booker lifted by warm weather
The price of natural gas and home-heating fuel fell in August, however. The cost of food at the wholesale level, meanwhile, jumped 0.6% to mark the biggest increase in four months. Vegetable prices surged nearly 27% the biggest spike since January and poultry costs advanced 2.3%. Minus the volatile categories of food and energy, core wholesale prices were unchanged.
For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/us-wholesale-prices-climb-in-august-2013-09-13
Statement Earrings Join Belts and More Wholesale’s Dazzling Wares
With many Art Deco-inspired elements, these radiant earrings are similarly structured and a great addition to any wardrobe. The rose colored Swarovski element earring is perfect for the ultra-feminine girl, while the black crystal cosmojet style can either complement a simple little black dress or goth-inspired outfit. The capri blue option is also fantastic, with a range of warm blue tones that are perfectly punctuated with view medium-sized dark blue crystals. The true statement color of this style is most definitely the amethyst.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/statement-earrings-join-belts-more-220700208.html
Wholesale sales rise 1.5 per cent in July, offsetting June drop
Statscan said higher wholesale sales were reported in four of seven subsectors, representing almost 70 per cent of sales. In July, the largest increase in dollar terms came in the machinery, equipment and supplies subsector, where sales rose 3.2 per cent to $10.6-billion, more than offsetting a decline in June. The second-largest increase in dollar terms occurred in the building material and supplies subsector, where sales rose 4.3 per cent. The miscellaneous subsector recorded a decline of 1.2 per cent, largely as a result of an 11.5-per-cent decrease in sales of agricultural supplies. Seven provinces reported higher wholesale sales in July, with Ontario accounting for almost 70 per cent of the total growth in sales.
For the original version including any supplementary images or video, visit http://www.theglobeandmail.com/report-on-business/economy/wholesale-sales-rise-15-per-cent-in-july-offsetting-june-drop/article14420107/