5 Best ASX Stocks to Buy Now

4. Wesfarmers Limited (ASX: WES.AX) 

Wesfarmers Limited (ASX: WES.AX) is a Perth-based retail company founded in 1914. It is placed fourth on our list of 10 best ASX stocks to buy now. In addition to retail, the firm has interests in the chemical and fertilizer businesses. Wesfarmers stock has offered returns exceeding 39% to investors in the past year. The firm primarily sells building equipment and home improvement products through its retail outlets. It also also manufactures and distributes ammonia, ammonium nitrate, and other industrial chemicals. 

Wesfarmers Limited (ASX: WES.AX) is one of the top retail stocks in Australia. Over on the other side of the Pacific, Costco Wholesale Corporation (NASDAQ: COST) is also posting strong numbers despite the coronavirus crisis. 

At the end of the fourth quarter of 2020, 61 hedge funds in the database of Insider Monkey held stakes worth $3.6 billion in Costco Wholesale Corporation (NASDAQ: COST), down from 73 in the preceding quarter worth $3.8 billion.