Investors: This Stock Just Became Your Best Friend
Excitement about the stock market has pushed some major market benchmarks to record levels in recent days. The possibility that an end to high interest rates could be in sight is making investors more optimistic than ever about 2024's prospects.
Yet no matter how rosy the market looks, investors always love a company that can deliver solid results year after year and reward them with strong total returns over time. Costco Wholesale (NASDAQ: COST) has been a stellar performer for decades, and it just made yet another move to show why the warehouse retailer's stock could be an investor's best friend.
Shares of Costco Wholesale were up between 2% and 3% early Friday morning. The retailer reported fiscal first-quarter financial results for the period ended Nov. 26 that showed the strength of the consumer economy.
Source Fool.com
