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15 Companies With The Most Cash Reserves In America
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The Covid-19 pandemic has destroyed the economy in a way that no one thought possible. Back when the economy of the United States crashed in 2008 – 2009, and the rest of the world followed suit, few people thought they would face an even worse disaster in 202o, just over a decade later. But that is what happened in 2020, when the novel coronavirus pandemic, which originated in China, spread across the world, leading to over 170 million cases as well more than 3.5 million deaths. These figures themselves are likely to be extremely understated and we will know the true impact of Covid-19 in the coming years.
Is Costco Wholesale Corp. (COST) A Good Investment Choice?
Ensemble Capital, an investment management firm, published its “Ensemble Fund” first quarter 2021 investor letter – a copy of which can be seen here. A return of 3.80% was delivered by the fund in the Q1 of 2021, below its S&P 500 benchmark that delivered a 6.17% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Ensemble Capital, in their Q1 2021 investor letter, mentioned Costco Wholesale Corporation (NASDAQ: COST) and shared their insights on the company. Costco Wholesale Corporation is an Issaquah, Washington-based big-box store company that currently has a $164.7 billion market capitalization. Since the beginning of the year, COST delivered a -1.24% return, while its 12-month gains are up by 20.27%. As of April 20, 2021, the stock closed at $371.73 per share.
20 Most Valuable Companies In The World in February 2021
2020 has been the worst year for the world since the end of the WWII. Unless you’ve been living under a rock, you know that the coronavirus pandemic struck China, in Wuhan, who initially held details about the same, refusing to cooperate and release the appropriate information which would have allowed other countries to battle it. As it was, the virus was transmitted from China to several other countries, and rather than an epidemic in a specific area, became a global pandemic within a couple of months.
As little was known about the origins of the virus as well as how to battle it, countries were completely unprepared even as things went south really fast. The virus spread at an incredible speed, and infected millions of people, with a fatality rate much higher than the flu, to which it was compared initially on. Since countries did not know how to battle the virus or how to cure those who were infected, lockdowns were swif