#4 - Costco (NASDAQ:COST)
A different way to play the likely growth in consumer staples is to invest in the companies where consumers are likely to shop for those staples. That makes Costco Wholesale Corporation (NASDAQ: COST) a logical choice.
The company benefits from a subscription model. Once consumers have paid their annual fee, they’re likely to prioritize shopping at Costco for bulk purchases of their staple items. While they’re there, those same consumers are likely to pick up a few discretionary items as well. And Costco has a popular line of house brands that are convenient for consumers who look to trade down when interest rates make the price of borrowing high.
Costco is also beefing up its digital game. This was a lifeline during the pandemic, and it will help the company keep up in an omnichannel world.
As of this writing, COST stock is down about 7% in the last 12 months. However, the stock is a juggernaut having gained over 39% in the last five years.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
Read More - Current Price
- $933.73
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $905.30 (3.0% Downside)
