5 Best Bear Market Stocks to Buy Now

In this piece, we will take a look at the five best bear market stocks to buy now. For more stocks, head on over to the 12 Best Bear Market Stocks to Buy Now.

5. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 64

Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses all over the globe in a host of countries such as the U.S., the U.K, China, Iceland, and Taiwan. The company is headquartered in Issaquah, Washington.

Costco Wholesale Corporation (NASDAQ:COST)’s shares have generated 14% annual returns over the past 17 years, making it one of the strongest performing stocks in the market. Since 2015, the firm has grown its revenue by an average of 10%, and even during the peak of the coronavirus pandemic, its revenues still grew by 8%, indicating that the firm is somewhat resilient to economic downturns.

Costco Wholesale Corporation’s (NASDAQ:COST) sales in September jumped 8.5% annually, alongside net sales growing by a stronger 10%. Baird kept a $575 share price target for the company in September 2022, stating that traffic at its stores increased despite inflationary headwinds. Costco Wholesale Corporation (NASDAQ:COST) pays a 90 cent dividend for a 0.77% yield, and 64 out of the 895 hedge funds part of Insider Monkey’s Q2 2022 hedge fund survey had invested in the firm.

Costco Wholesale Corporation (NASDAQ:COST)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 4.3 million shares that are worth $2 billion.