Costco Stock – Is it a buy now due to market correction?

Costco, which just last week broke out to a new high above $600 per share, has been one of the market’s most resilient stocks. Given the twin headwinds of rising inflation and macro political events, many stocks’ prices have taken a beating.

However, Costco has seen a significant 60% gain in price over a 1 year period. At its present share price, the firm has a market capitalisation of ~$267 billion, which is at its all time-high. However, during such volatile and inflationary times, the firm is one of the few companies that may emerge ahead of the pack. This is thanks to the company’s willingness to absorb the initial inflationary effects. Hence this helps to further cement its image as one of the most cost-effective locations to buy wholesale. Hence, is this a good time to look into Costco stock due to its resiliency during such times of volatility?

Let’s take a look at what Costco has to offer. Let’s find out!
https://learntoinvests.com/costco-stock/