A Bull Market Is Coming: 3 Reasons to Buy Costco Stock
Costco Wholesale (NASDAQ: COST) stock has beat the market over many years, but in these turbulent times, it hasn't performed so well. It's down about 7% over the past 12 months, and it's up a tepid 6% so far in 2023.
While the market has been volatile recently, Costco's stock moves have been more or less in line with the broader market's ups and downs.
However, as we go back further in time, its gains outpace the S&P 500's by wider margins. It's been an incredible long-term holding, and when we get back to a bull market, it's likely to soar again. But it's more than a likelihood based on history. Here are three reasons to be confident Costco stock can climb in a bull market.
Source Fool.com
