While many growth stocks are soaring this year, retailers and some dividend payers are trailing the market in 2023. Costco Wholesale (NASDAQ: COST) stock is rarely available at a discount. Costco gets most of its earnings from subscription fees, for one, which makes its profit highly stable through the ups and downs of the economic cycle.
In just the past month, shares of Shopify (NYSE: SHOP) have surged more than 50%, making it one of the hottest investments to own lately. Shopify is a top e-commerce stock to own and its performance relies heavily on the state of the economy. On Saturday, Shopify reported that its merchants sold $4.1 billion in products and services on its platform during Black Friday, a 22% increase from the previous year.
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