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Is Costco Stock a Long-Term Buy?

TheMotleyFool

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Is Costco Stock a Long-Term Buy?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

All the attention these days has gone to businesses that are in the middle of the artificial intelligence (AI) boom. While some of these companies certainly have their merits, investors shouldn't ignore other pockets of the economy that have also been successful at compounding capital, such as the retail sector.

Costco Wholesale (NASDAQ: COST) is a prime example. The dominant warehouse club's shares have produced a total return of 548% in the past decade, driven by strong financial performance. However, this retail stock is down 18% from its peak (as of Dec. 10).

Is Costco a long-term buy right now?

Source Fool.com

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