Has Costco Stock Become the New Recession-Resilient Retail King?

Key Points The retail behemoth turned in another strong quarter, led by its growing digital sales. U.S. same-store sales (exluding gasoline sales) easily outpaced those from Walmart and Target. One knock on Costco is the stock's high valuation, trading at a forward P/E ratio of nearly 41. 10 stocks we like better than Costco Wholesale › Walmart (NASDAQ: WMT) has long been considered a place for investors to park money in the retail space when consumers are under stress, but after its stock fell more than 8% in the session following its fiscal Q1 results and more than 9% after its fiscal Q2 results, that baton may have been passed to a close rival: Costco Wholesale (NASDAQ: COST) .