Key News Points
According to research from The Motley Fool, only 34% of Americans feel they are adequately preparing for retirement, despite 67% having a retirement account. This highlights a prevalent anxiety regarding retirement readiness among the population.
Investment experts recommend considering stocks like Costco and Amazon for long-term growth. Costco (NASDAQ: COST) has shown strong performance, with nearly 80 million paid households and a renewal rate of 93%. In 2023, Costco’s revenue reached $242.2 billion with a net income of $6.3 billion. Meanwhile, Amazon (NASDAQ: AMZN) commands 40% of the U.S. e-commerce market and saw a 12% sales increase in 2023, posting a net income of $59.2 billion.
Both companies are recognized as market leaders, with Costco expanding membership revenue and Amazon evolving into an advertising powerhouse while also leading in cloud computing services with AWS, which holds 30% of the public cloud market.
