Louis Navellier’s Top 15 Long-Term Stock Picks

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2. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 75  

Navellier & Associates’ Stake: $19.1 million

Costco Wholesale Corporation (NASDAQ:COST) engages in the operation of membership warehouses. There are multiple factors that make Costco Wholesale Corp a compelling option for investors, such as consistently increasing net sales, expanding initiatives into new markets, and improving technological infrastructure to improve customer experience. For instance, as per the report of the third quarter of 2024, total net sales were $249.6 billion, an increase of 5% and net income was $7.4 billion, $16.56 per diluted share, an overall increase of 17%. In addition, revenue from membership fees increased from 5% to $4.8 billion. This demonstrates the company’s stable growth in net sales and improvement in finances as compared to the previous year. Moreover, the company plans to expand by the end of 2025 inside the United States, as well as in South Korea, and Japan.

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