My Top 9 Growth Stocks to Buy Now in August

Category: Business

John Mackey and Suzanne Frey are board members of The Motley Fool, which recommends various companies including Alphabet and Amazon. Parkev Tatevosian has positions in Alphabet and PayPal and is affiliated with The Motley Fool, potentially earning compensation for promoting its services.

Keywords: The Motley Fool, Alphabet, PayPal

Source: The Motley Fool

Update At: 8/6/2024

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Costco Stock Options Hot After Membership Price Change

Costco Wholesale Corporation raised membership prices in North America for the first time since 2017. The stock received multiple price-target hikes in response and is currently down 3.1% after reaching an all-time high. Options trading activity suggests potential positive momentum for Costco stock.

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What Costco’s Membership Fee Hike Could Mean for Its Stock

Costco plans to raise membership fees for the first time in seven years, leading to analysts raising their price targets for Costco stock. The company intends to use the increased fees to reinvest in the business, including wage increases for employees and lower prices for customers.

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Costco Raises Membership Fees for First Time in 7 Years - The New York Times

Costco is increasing its annual fee for members by more than 8 percent in the United States and Canada, the first increase in seven years. The fee for customers who shop at Costco Wholesale stores will increase by $5 to $65 annually for the basic Gold Star Membership and by $10 to $130 annually for customers with the Executive Membership.

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Citi earnings show progress in CEO Jane Fraser's overhaul

Citi's second-quarter earnings signal positive results from CEO Jane Fraser's overhaul, with revenue up 4% to $20.1 billion and net income of $3.2 billion. The bank's reorganization led to a 2% decrease in operating expenses. Citi's stock has climbed 24% this year following the restructuring.

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Redbox closes all kiosks, fires 1,000 employees | Kiosk Marketplace

Redbox, a 22-year-old DVD kiosk rental business, is shutting down after its parent company, Chicken Soup for the Soul Entertainment, converted its bankruptcy to Chapter 7 liquidation. The company's 1,000 employees are losing their jobs with no severance or extended benefits.

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Farewell Redbox: Kiosk-rental business to shut down after 22 years - pennlive.com

Redbox, the video-rental and streaming company, owned by Chicken Soup for the Soul Entertainment, has filed for Chapter 11 bankruptcy protection and is now converting to a Chapter 7 liquidation proceeding. This will result in the closure of approximately 24,000 DVD rental kiosks and the layoff of about 1,000 employees.

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Big Lots is closing up to 40 stores. Will any Arizona locations close?

Big Lots plans to close 35 to 40 stores in 2024 due to economic challenges, including inflation affecting customer buying power. The company reported a decline in sales and an increase in debt, raising concerns about its future operations.

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Big Lots will close upwards of 40 stores this year

Big Lots is closing upwards of 40 stores due to macroeconomic challenges, resulting in a loss of about $114.5 million. The locations of the stores to be closed remain unknown.

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Expectations high for Netflix ahead of earnings call

Netflix is expected to announce strong quarterly earnings with anticipated revenue and subscriber growth, high operating margins, and positive stock performance. Analysts are optimistic about the company's future despite potential challenges like a crackdown on password sharing and the need to sustain growth. Netflix's move into live sports and advertising, along with its strategy to appeal to a wide audience, are key factors driving its success.

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As cartels take a stake in ‘green gold,’ US and Mexico rethink how avocados reach American kitchens | CNN

Assault on US avocado inspectors in Michoacán led to a temporary halt in avocado imports, highlighting the volatile nature of the industry in the region. The incident raised concerns about corruption, violence, and cartel influence in the avocado trade between the US and Mexico.

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