Walmart (WMT) has been performing well, and investors are looking for other high-growth retail stocks to buy ahead of a strong Q4. Here are three retail stocks that are worth considering for potential growth opportunities.
1. Amazon (AMZN): As the largest online retailer in the world, Amazon has continued to see strong growth in its e-commerce business. With the holiday season approaching, Amazon is expected to see a surge in sales, which could drive its stock price higher in the coming months.
2. Target (TGT): Target has been able to successfully navigate the challenges of the retail industry by focusing on its digital strategy and improving its in-store experience. With a strong Q4 expected, Target could be a good stock to consider for investors looking for growth in the retail sector.
3. Costco (COST): Costco has a loyal customer base and has been able to drive sales through its membership model. With consumers continuing to shop in bulk amid the ongoing pandemic, Costco is well-positioned for a strong Q4. This could result in a boost to its stock price in the near future.
Investors looking for high-growth retail stocks should consider adding Amazon, Target, and Costco to their portfolios ahead of a potentially strong Q4.