WSM - 3 Top Stocks to Buy in March
2023-03-08 08:45:00 ET
March is here, and the strong market gains investors were experiencing in the first two months of the year are beginning to slip. The S&P 500 is up 5% year to date as of this writing, lower than its earlier gains.
If that's worrisome, consider that the S&P 500 is an average, and many great stocks continue to climb. The flip side is that lower prices give you an opportunity to buy shares before they start to rise. Costco Wholesale (NASDAQ: COST) , Williams-Sonoma (NYSE: WSM) , and Target (NYSE: TGT) are three great companies whose stock prices are rising this year but still look like bargains.
After a stunning two-year run of elevated sales growth, Costco's ride has finally come to an end. Sales increased 6.5% year over year in the 2023 second fiscal quarter (ended Feb. 12) after many quarters of double-digit growth -- and in line with what a typical quarter looked like before the pandemic.
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3 Top Stocks to Buy in March