With the average American looking for a value buy and with gas prices at its highest levels, Costco (COST) shares near record highs and it doesn’t look like it’s going to stop anytime soon. A good balance sheet and great fundamentals coupled with great leadership has led Costco to surge before, during and is expected to continue its push as we move on from the pandemic. The fact that it is basically a one stop shop from food to furniture to fuel makes Costco a must buy. So far this year, Costco has well outperformed its peers with a year to date gain of 6.3% as of Thursday’s close, compared to the 12.7% decline of the benchmark Consumer Staples Select Sector SPDR ETF (XLP). Meanwhile, the S&P 500 is up just 1% on the year.
