Best Stocks, Crypto, and ETFs to Watch – Costco, Gold, Raytheon in Focus

Best Stocks, Crypto, and ETFs to Watch – Costco, Gold, Raytheon in Focus

Costco Wholesale Corp. (COST) has held up better than rivals Target Corp. (TGT) and Walmart Inc. (WMT) so far in 2022, trading well above the 50-week moving average near 460.  The big-box retailer will have an opportunity to build on recent gains after Thursday’s Q2 2022 earnings report, which is expected to show a healthy profit of $2.72 per share on $51.36 billion in revenue. The stock rose more than 6% after beating Q1 estimates in December.

Raytheon Technologies Corp. (RTX) makes missile systems, aircraft engines, and an assortment of surveillance and military-intelligence apparatus.  The Ukraine war has reawakened buying interest in the stock, generating a cup and handle breakout above resistance in the 90s. iShares US Aerospace and Defense ETF (ITA) has lifted to a two-year trendline at the same time, setting the stage for a sector-wide breakout that could yield major upside in coming weeks.