Many investors have a list of stocks they watch. Some might be stocks already in the portfolio that could be added to, and others might be stocks to watch for future additions to the portfolio. Keeping track of potential stock purchases can help investors make more informed decisions and keep tabs on any important news.
Here are three stocks that I think are worth buying right now and should be on any investor’s list of potential investments. Each has strong historical results and a bright future. Let’s take a look at what puts these companies at the top of my list.
Costco
If you have ever had the experience of navigating in a crowded place Costco wholesale (NASDAQ: COST) parking just to enter the store, you know why the company has become the third largest retailer in the world. Costco’s dues business model was unique in its early days, but it has been a driver of the company’s results for decades. Over the past 12 months, Costco has brought in nearly $5 billion in contributions.
Costco has also proven resilient in the face of slowing economic conditions. While we may not be in a recession, inflation has caused people to cut back on spending, if only slightly. To the extent that this is the case, Costco hasn’t felt it. During its fiscal second quarter, which ended in February, Costco reported same store sales growth of 5.6% and an increase in traffic of 5.3%. Costco’s value proposition is clear to its members, who renew at over 90%.
Amazon
For those who don’t pay attention AmazonIt is (NASDAQ:AMZN) stock over the past few years, it may come as a surprise that in 2022 it is trading at its lowest price since early 2019. This was due to substantial operating losses in its e-commerce business due to related expenses to its distribution footprint needed to meet demand fueled by the pandemic. Over the past year, the improvement has been impressive.
In the fourth quarter of 2022, Amazon reported an operating loss of $240 million in its North America segment (which is essentially the e-commerce business in North America) and an operating loss of $2.2 billion. dollars in its international segment (which is primarily the e-commerce business in North America). foreign trade outside of North America). In the fourth quarter of 2023, these improved to reach a Operating income of $6.6 billion in North America and an operating loss of $419 million in the international sector.
These figures are the result of a concerted effort to right-size the company during the height of the pandemic. This improvement in operating results led to an improvement in net income of more than $10 billion and an increase in free cash flow of almost $50 billion.
Coupang
If you read about the Korean e-commerce giant Coupang (NYSE:CPNG), you’d be forgiven for assuming you were reading on Amazon instead. Taking a page directly from Amazon’s playbook, Coupang has become a formidable e-commerce player on the Korean Peninsula and has recently expanded overseas, including Taiwan.
In the fourth quarter of 2023, Coupang announced that its business…
