5 Best Stocks To Buy Now

Costco Wholesale Corporation (NASDAQ:COST) made the top stocks list of Credit Suisse and Goldman Sachs. Goldman analyst Matthew Fassler recently added the stock to Goldman’s vaunted Conviction Buy list, citing Costco’s much-publicized switch from American Express to Visa as having the potential to spur earnings growth. Costco’s new co-branded Visa card has favorable terms compared to its old co-branded AmEx card, offering 1 percentage point cash back increases on gas purchases, travel and dining purchases, and of course, Costco purchases. Stifel is also predicting a good year for the stock, partly thanks to favorable comps. It initiated coverage of Costco with a ‘Buy’ rating and $185 price target on Friday. Costco was a popular stock among hedge funds in Q3, with a net total of 11 funds adding the stock to their portfolios, pushing the total number to 50 as of September 30.

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