Missed Out on Costco Stock? 1 Contrarian Retail Stock Buy for 2024

With the U.S. economy in 2022 and 2023 facing headwinds from inflation and higher interest rates, warehouse retailer Costco Wholesale (COST -2.47%) has gotten all sorts of attention. Its sales have been humming along at a healthy clip, but its net income growth in particular has been brisk. That bottom-line figure is essentially a simple measure of Costco's income from its annual membership fees, as it doesn't actually sell its merchandise for anything resembling a net profit.All of that growth over the las ...