From Nasdaq: 2024-03-30 08:30:00

Costco (COST) has seen massive success, with shares up over 81,000% since its IPO. With a strong global presence and high membership renewal rates, Costco’s low prices and inventory turnover contribute to its financial health.

Amazon ($AMZN) has rebounded from a slump, with operating income up 202% and net income growing by 1,226% in 2023. Amazon’s e-commerce business recovered, and its cloud infrastructure service, AWS, remains a leader in the market.

Apple ($AAPL) faces antitrust scrutiny but remains a dominant brand with over 2.2 billion devices in use. The company is transitioning into a software-centric model, with services revenue growing by 11% in its most recent quarter.

Investing in Costco, Amazon, and Apple is compelling due to their competitive advantages and sustained growth. The companies have established market positions and strong financial performance, making them solid long-term investment options. Their success highlights the importance of identifying great businesses in investing.

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