This Unstoppable Trend Suggests Costco Wholesale Stock Can Still Soar Higher

A top retail stock to own this year has undoubtedly been Costco Wholesale (NASDAQ: COST). Its shares are up more than 35% since January as it has been hitting new all-time highs along the way. Not only is it a stable investment given its extremely popular warehouses, but the company has also continually found ways to grow its business.You might think that with the stock now trading at more than 50 times earnings and the economy potentially heading for a slowdown, shares of Costco Wholesale may be approaching a peak, finally. But there's reason to remain bullish on the stock not just this year but for the long haul, as one area of its business has been booming for a while.When you think of buying something online, odds are you're going to go to either Amazon or Walmart. But Costco has the potential to be a big player in that arena as well. The company doesn't separate its e-commerce sales when reporting quarterly numbers, but it does highlight the growth rate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool