Is Costco Stock a Good Buy?
If you are a long-term shareholder of Costco stock, you’ve no doubt seen a nice return on your investment. In fact, since its IPO in 1985, the stock has gone from $1.67 per share to, now, more than $300. In fact, Costco stock (Nasdaq: COST) has been so consistent in its growth, it’s widely considered to be a blue chip stock.
Why Costco Stock Is a Great Addition to Any Portfolio
In February of this year, the first reported cases of COVID-19 hit the United States. Since then, investors have been struggling to adjust their portfolios to the ever-changing consumption habits of everyday citizens. Industries like travel, manufacturing and building have taken big hits. While the healthcare, media and food industries have never been stronger.
Earlier this month, Trends Expert Matthew Carr highlighted the changing dynamic of the food supply chain…
“Shares of Costco (Nasdaq: COST), Kroger (NYSE: KR), Sprouts Farmers Market (Nasdaq: SFM) and Walmart (NYSE: WMT) are in the green for 2020. Those gains are certain to continue, while I expect processor shares to struggle hand in hand with restaurants. That’s why I believe investors should explore shorting the slaughterhouses and going long on grocers.“
Technical Options Expert Bryan Bottarelli also recently wrote about “Two stocks that members have played before in The War Room – and that I continue to like… Costco and Walmart.”
