Better Buy: Amazon vs. Costco
It's not so hard to find COVID-19 winners. While many businesses have been on the unfortunate side of the pandemic, others were poised to skyrocket as people stayed home.
But while e-commerce came out on top, many essentials stores stayed open and served their customers. So while Amazon (NASDAQ: AMZN) proved its mettle again in 2020, Costco (NASDAQ: COST) made a formidable showing, even in e-commerce. Let's take a look at which one is the better buy.
Amazon is the most trusted name in e-commerce. According to Statista, it accounts for half of all U.S. e-commerce, standing out in a crowded field. Despite its top spot, it keeps growing, with sales increasing 37% in the third quarter ended Sept. 30, and earnings tripling.
Source Fool.com
