5 Best ETFs To Buy Now

4. Invesco QQQ Trust (NASDAQ GM: QQQ)

5-year Share Price Performance as of March 9, 2024: 146.16%

Invesco QQQ Trust (NASDAQ GM: QQQ) ranks 4th on our list of the best ETFs to buy. Invesco QQQ Trust (NASDAQ GM: QQQ) provides access to a diverse portfolio of innovative NASDAQ-100 companies. The ETF, formed in 1999, has a track record of consistently outperforming the S&P 500 Index. As of March 8, 2024, Invesco QQQ Trust (NASDAQ GM: QQQ)’s net assets stood at $252.6 billion, along with an expense ratio of 0.2%. 

Costco Wholesale Corporation (NASDAQ:COST) is one of the top holdings of Invesco QQQ Trust (NASDAQ GM: QQQ). On March 7, Costco Wholesale Corporation (NASDAQ:COST) announced its operating results for the first 24 weeks of fiscal 2024, ending February 18, 2024. The company reported a non-GAAP EPS of $3.71, beating market consensus by $0.07. However, the revenue of $58.44 billion fell short of Street estimates by $690 million. 

According to Insider Monkey’s fourth quarter database, 57 hedge funds were bullish on Costco Wholesale Corporation (NASDAQ:COST), compared to 65 funds in the prior quarter. Ray Dalio’s Bridgewater Associates is a prominent stakeholder of the company, with 687,572 shares valued at $453.85 million. 

Madison Sustainable Equity Fund stated the following regarding Costco Wholesale Corporation (NASDAQ:COST) in its fourth quarter 2023 investor letter:

“Costco Wholesale Corporation (NASDAQ:COST) reported solid holiday results and announced a special dividend of $15 per share. Earnings were better than expected driven by better gross margin. Same store sales were 3.9% with solid traffic. Costco also noted better discretionary trends and solid seasonal sales.”

Follow Costco Wholesale Corp W (NASDAQ:COST)