Costco Wholesale (NASDAQ: COST) almost never goes on sale. Unlike the prices at its warehouse locations, its stock valuation tends to remain elevated compared to its retailing peers like Walmart and .

True to form, Costco's stock has outperformed these and other industry rivals so far in 2023, up nearly 20% through early July. Yet there are some good reasons for this rally, and the stock could still deliver strong returns for investors from here. Let's look at a few reasons why its shares still look attractive.

Most national retailers are facing a growth slowdown following several years of above-average demand. Costco is no exception, but its wider merchandise selection is helping it navigate the current demand slump.

Continue reading

Source Fool.com