Forget Costco: These Unstoppable Stocks Are Better Buys
From Nasdaq:
In 2022, the global retail market reached a valuation of $27 trillion and is expected to hit $30 trillion this year, offering long-term investment opportunities. Costco (NASDAQ: COST) has seen shares rise by 213% since 2019, with expansion plans fueling optimism. However, companies like Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) dominate e-commerce and AI sectors, making them more attractive long-term buys.
Amazon demonstrated resilience in 2022 with a 33% market plunge substantially impacting e-commerce. Yet, it rebounded significantly, recording a 12% revenue increase to $575 billion in 2023. Operating income soared to $37 billion while free cash flow skyrocketed 904% to $32 billion, showcasing a strong recovery and consistent growth potential.
Apple, a consumer tech giant, maintained a leading market share despite challenges in 2023. Despite revenue hits, Apple’s free cash flow surged to $107 billion, allowing continued investments. Additionally, Apple’s stock appears undervalued compared to Costco, highlighting its potential as a better value buy in the current market scenario.
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