economy
March 5, 2026
The metric we care most about when Costco reports earnings after the closing bell
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- The Dow Jones Industrial Average fell over 800 points as oil prices rose, with U.S. crude briefly exceeding $79 per barrel.
- Iran's actions regarding the Strait of Hormuz contributed to market volatility, which is closely tied to oil prices.
- Jim Cramer advised investors to "wait" and "don't panic" during the volatile market conditions.
- Broadcom shares increased due to a strong quarter and positive outlook for its AI chip business.
- Costco shares declined ahead of its earnings report, with attention focused on membership renewal rates, which have been impacted by online signups.
- Salesforce shares gained as investors potentially rotate back into software stocks, with particular interest in its AI capabilities.
- Other stocks discussed in the rapid fire segment included Berkshire Hathaway, Kroger, American Eagle, Okta, and Visa.
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