Here’s Why Traders Are Watching Tesla, ICU Medical, Pfizer, and Two Other Stocks Today

Costco Wholesale Corporation (NASDAQ:COST) is in the spotlight today after the company posted its September sales results. For the five weeks ended October 2, the retailer reported net sales of $11.06 billion, an increase of 3% on the year. Comparable sales for the period rose by 1% year-over-year, lead by a 6% year-over-year increase in Canadian comp sales. Warren Buffett’s Berkshire Hathaway owned around 4.33 million shares of Costco Wholesale Corporation (NASDAQ:COST) at the end of June.

Lowe’s Companies, Inc. (NYSE:LOW) shares are in the red today after Cleveland Research analyst Eric Bosshard downgraded the home retailer’s stock to ‘Neutral’ from ‘Buy’. Bosshard’s research suggests that demand from various end markets could be moderating. Given that, the analyst thinks Lowe’s will find it hard to maintain the growth needed to beat the Street’s estimates. Bosshard is also somewhat concerned about the company’s diversification initiatives as it may distract execution. The number of investors from our database with holdings in Lowe’s Companies, Inc. (NYSE:LOW) rose by three quarter-over-quarter to 67 at the end of June.

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