2 Retail Stocks That Turned $10,000 Into Nearly $59,000 in 10 Years
Retail stocks don't always get much love from growth investors as they aren't as exciting as tech companies. But that doesn't mean you can't earn some great returns from them. If you had bought shares of either Costco Wholesale (NASDAQ: COST) or Lowe's (NYSE: LOW) a decade ago and held on, you would have more than quintupled your money. Here's why they've done so well, and what we can expect from them in the years to come.
Although its name contains the word "wholesale," Costco is a retailer whose business thrives in part by inducing its consumers to spend more time and money than they expected at its huge warehouse stores, which seem to always be packed with people regardless of the day or month of the year. That success is evident in the company's long-term growth.
In 10 years, the stock would have turned a $10,000 investment into close to $48,000 today. And when you include its dividends and reinvest them, you're up to around $58,500. It's easy to see why the stock has performed so well when you see its top- and bottom-line growth over the years.
Source Fool.com
