Costco (NASDAQ: COST) has been one of the success stories of the otherwise troubling coronavirus pandemic. The warehouse club remains open, and while it has had to modify its operations to accommodate social distancing, its business has been bigger than ever.
The chain added $1.5 billion in March sales as members looked to keep their houses stocked with food, toilet paper, and other essentials. That has helped the retailer's stock remain near its 52-week high of $325.25, closing at $312.08 on April 20.
Costco has been flying high during difficult times. Does that make it a smart buy for your stock portfolio?
Source Fool.com