This Dominant Stock Is a Buy for Growth Investors
According to the Bureau of Labor Statistics, the consumer price index increased 8.3% year over year in August. That inflation metric -- based on the prices of a basket of commonly purchased goods and services -- was higher than analysts' consensus forecast. This suggests that U.S. consumers will need to modify their shopping habits if they haven't done so already.
Few companies are in a better position to benefit from that than discount retailer Costco Wholesale (NASDAQ: COST). Here's the case for why Costco stock is a compelling pick for growth-oriented investors.
Costco is a membership-only chain that offers basic membership plans for $60 a year and executive memberships for $120 annually. For both consumers and businesses seeking to stretch their money, the retailer is a clear winner.
Source Fool.com
