Christina

Costco just put this debate to rest. Net sales up 11.6% to USD 69.15 billion. Comparable sales up 9.8%. E-commerce comp up 21.5%. Membership renewal at 92.2% in the US. 148.5 million cardholders. 📈

These are not "tariff-scared, inflation-squeezed consumer" numbers. These are numbers from a business that has figured out how to make people pay to shop there and love every second of it.

EPS came in at $4.93, up from $4.28 a year ago. Membership fee income hit USD 1.37 billion, up 10.7%. Nobody cancels their Costco membership. That's the entire thesis, and it keeps proving itself every single quarter. COST doesn't get enough credit as a consumer spending confidence indicator. Today it's flashing green.

I've been dismissing Kuaishou as a slow-growth short-video also-ran for a year and they quietly built an AI video product doing USD 500M ARR. I was very wrong, lah 😶‍🌫️

Anyone else think BitMine might pop if crypto volatility kicks back?”