From Nasdaq: 2024-09-19 05:14:00

Costco Wholesale (NASDAQ: COST) has been a top retail stock this year, with shares up over 35%. E-commerce sales have been a key area of growth, with double-digit growth rates each month. Costco’s logistics business has also seen a 28% increase in deliveries. The company’s free cash flow totals $7.4 billion, allowing for further expansion.

While Costco’s stock trades at a premium, its strong business performance indicates future growth potential. With solid single-digit growth and opportunities in e-commerce, long-term investors may still benefit from investing in Costco. However, short-term gains may be limited due to its current valuation. Consider other growth stocks if looking for quicker returns.

The Motley Fool’s Stock Advisor team identified 10 best stocks to buy now, but Costco Wholesale wasn’t one of them. Stock Advisor has a track record of providing successful stock picks and outperforming the S&P 500 since 2002. Past picks like Nvidia in 2005 have led to significant returns. Consider exploring the recommended stocks for potentially high returns in the future.



Read more at Nasdaq: This Unstoppable Trend Suggests Costco Wholesale Stock Can Still Soar Higher