Trade Call: Avoid New Buys in Costco Due to Elevated Valuation

29 days ago

Host

"I've held Costco for years... but I'm not buying it today because of the higher PE ratio. I bought it at a trailing PE of 40 and now it's at 55."

The host outlines his personal trading decision regarding Costco. Despite holding a profitable position from a previous purchase, he advises against initiating new buys at current levels because Costco's valuation has significantly increased (from a trailing PE of 40 to 55), making it less attractive for additional entry.

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