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CostcoThe Motley Fool
•72% Informative
Costco Wholesale , MercadoLibre , and Shopify are three stocks to keep a close eye on if the market continues to decline.
If Costco gets dragged down by a broad market sell-off, the stock will be undeniably appealing.
E-commerce is growing rapidly for the company, and sales from this channel were up 20% last month .
Costco Wholesale reported phenomenal second-quarter results that beat expectations.
The stock trades at a premium valuation of nearly 12 times trailing-12-month sales and 52 times forward earnings.
While Shopify is already a great growth stock, it'll be a no-brainer buy if shares are dragged down by a broad market decline.
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