From Nasdaq: 2024-06-10 18:00:00

Amazon (NASDAQ: AMZN) and Costco Wholesale (NASDAQ: COST) are dominating retailers with impressive long-term gains for shareholders. Amazon’s net sales for the first quarter of 2024 were $143.3 billion, up 12.5%, while Costco saw net sales of $57.4 billion in its fiscal third quarter of 2024, a 9.1% increase. Amazon leads in revenue and profitability growth. Costco is solid but Amazon has a stronger cash position. Amazon is investing in generative AI for future growth, while Costco focuses on international expansion and membership fee increases. Despite both companies having strong potential, Amazon is currently the better buy based on valuation.



Read more at Nasdaq: Best Stock to Buy Right Now: Amazon vs. Costco