The Costco Naysayers Eat Some Crow; Adobe Outperforms Expectations

In this segment of the Motley Fool Money podcast, host Chris Hill, Million Dollar Portfolio's Jason Moser and Matt Argersinger, and Total Income's Ron Gross break down the latest numbers from discount warehouse Costco (NASDAQ: COST), and they can't help but be impressed. Comps are up for 14 straight months, and the all-important retention rate is at 90% in the U.S. And beyond that, there's big e-commerce growth, and the chain is innovating.

Meanwhile, cloud SaaS provider Adobe Systems (NASDAQ: ADBE) beat in its fourth quarter and guidance got a boost. Anyone who was worried about its cloud transition can probably relax.

A full transcript follows the video.

Source: Fool.com