'Fast Money' Traders Share Their Thoughts On Costco

On CNBC's "Fast Money," Guy Adami said people are selling Costco Wholesale Corporation COST because of valuation. He explained that investors feel that a forward earnings ratio of 29 is too rich for the current environment. Adami thinks the business model makes sense and he is more inclined to be long the stock than to short it.

Karen Finerman believes Costco is a great company. She doesn't own the stock, but she thinks it's not trading at a crazy price.

See Also: Costco Reports Q3 Earnings Beat, Comps Up 5.5%

Brian Kelly doesn't want to own Costco in the current environment.

Dan Nathan thinks the stock could trade lower in case of comparable store sales miss. He added that the membership renewal is also very important.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MediaBrian KellyCNBCDan NathanFast MoneyGuy AdamiKaren Finerman
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!