Costco, Lululemon, Shopify Stand Out as Attractive Buys During Market Declines
• Costco's subscription-based business model makes its profits highly stable, and it continues gaining market share and customer loyalty
• Lululemon is rapidly growing internationally and expanding into new product categories, though its high valuation leaves room for a potential stock drop
• Shopify is accelerating sales growth while cutting costs, likely leading to a quick return to profitability and positive cash flow
• The market has rallied in 2023 but remains down since early 2022, creating buying opportunities in beaten-down sectors
• Specific stocks like Costco, Lululemon, and Shopify look especially compelling to buy during market declines for long-term gains