April 4, 2022

On Monday, stocks were mostly up as the S&P 500 rose 0.8% and Toronto rose 0.6%.

Shopify was up 4.9% to $908 in Toronto. 

lululemon was up 4.6%

Going the other way, TFI International was down 4.3%. 

I did end up selling most of my small position in Berkshire today and it was down 1.8% on the day.

Costco will likely report March same-store sales results tomorrow. It will probably be a another big increase partly due to price increases. They never separate out increases due to price versus volume. Maybe it makes little difference as they markup by the same percentage either way. More revenue means higher profit whether volume is up or not.  I do wonder when higher gasoline prices and will cut into budgets such that people stop buying so much at Costco. Or maybe they will simply continue to grow market share as people flock to Costco for the savings.

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