Is This a Bear Market Bounce? Why Costco Is Worth Buying If the Bear Comes Back

By Jason Hall and Jeff Santoro – Feb 4, 2023 at 5:15AM

NASDAQ: COST

Costco Wholesale

Market Cap

$315B

Today's Change

(-0.55%) -$3.94

Current Price

$711.25

Price as of April 18, 2024, 4:00 p.m. ET

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Since the lows in October, the S&P 500 index has gained over 15%; one month into 2023, and it's up over 7% already. It could be the start of the next bull market, or a dreaded "bear market bounce" with declines continuing after a false start. Whether you're worried about a bounce or you're more optimistic, Costco Wholesale (COST -0.55%) is worth buying, according to Motley Fool contributors Jason Hall and Jeff Santoro. They break down why in this video.

*Stock prices used were from the afternoon of Jan. 19, 2023. The video was published on Feb. 4, 2023.

Jason Hall has no position in any of the stocks mentioned. Jeff Santoro has positions in Costco Wholesale. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.