Best Stock to Buy Right Now: Costco vs. Carnival
Prior to the pandemic, Costco (NASDAQ: COST) and (NYSE: CCL) were both considered resilient blue chip stocks for long-term investors. Costco's warehouse stores generated steady sales growth through economic downturns, and it locked in its shoppers with sticky subscription plans. Carnival, one of the world's largest cruise ship operators, also generated stable sales from a diverse range of travelers and easily bounced back from multiple recessions.
However, the pandemic generated strong tailwinds for Costco while nearly sinking Carnival with severe headwinds. Costco's revenue and profits rose as shoppers stocked up more groceries and household products throughout the crisis. But Carnival's sales plummeted, and it turned unprofitable as global travel ground to a halt.
Image source: Getty Images.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
With a target price of 13 € there is a slightly positive potential of 3.42% for Carnival plc compared to the current price of 12.57 €.
