According to the Bureau of Labor Statistics, the consumer price index increased 8.3% year over year in August. Few companies are in a better position to benefit from that than discount retailer Costco Wholesale (NASDAQ: COST). Here's the case for why Costco stock is a compelling pick for growth-oriented investors.
Walmart may not have always had the best reputation, but it's a store worth shopping at for many reasons. You'll often pay less at Walmart retail stores for items than you'd pay if you purchased online. Walmart has also revamped its customer service efforts in recent years, with its famous "people greeters" now doing more tasks including helping to facilitate returns.
Between rumors of a recession, rising interest rates, and inflation, it's tough to find stocks that you're confident will keep growing instead of going to zero. Vertex Pharmaceuticals (NASDAQ: VRTX) is worth a $2,500 investment because it's the world's largest public business devoted to curing rare diseases, and it's proven to be quite adept at that goal so far.