Can Costco Wholesale Be a Safe Haven Stock to Hold Amid Market Volatility?

The stock market is in turmoil due to tariffs this year, and one sector that's taking a big hit is retail. The SPDR S&P Retail ETF has declined by more than 14% since January, as investors worry about rising costs yet again for many retailers.But one stock that has been able to avoid this sell-off thus far is Costco Wholesale (NASDAQ: COST) -- it's up more than 6% year to date (at the time of this writing). Can this be a safe stock to invest into right now, even if you're worried about more volatility and a potential bear market?What has made Costco a fantastic growth stock to invest in over the years is its continued dominance in retail. Consumers continue to flock to its stores in search of great value. And provided that you aren't looking to buy in modest quantities, you can often buy in bulk to save considerable money. The numbers don't lie, and Costco has been consistently generating positive growth for years, even as other retailers have struggled.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool