September 19, 2019

Prosper Trading’s CEO Scott Bauer Gives His Take On Costco On TD Ameritrade Network

Prosper Trading’s CEO Scott Bauer made an appearance on TD Ameritrade Network’s morning show today.

He discussed Costco (Ticker: COST).

Interestingly enough, Bernstein downgraded COST to underperform from market performthis morning saying:

“We think valuation is too high and investors are likely overestimating the continuation of COST’s trend and/or pace of reinvigorated growth,” Bernstein’s Brandon Fletcher says in a note to clients.

Fletcher says Costco investors are overpaying for the quality of earnings, dividends and defensiveness.

Scott makes some great counterpoints as he makes a bullish case for this “best in class” stock.

Follow him on Twitter @CboeSIB

about the author:

Scott Bauer

A respected market commentator seen on Bloomberg, Fox Business, CNBC and other major financial networks, Scott Bauer has 25 plus years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) and as a Vice-President/trader for Goldman Sachs. Scott graduated with Honors from the University of Illinois Business School and has taught classes both at his alma mater and at the CBOE.

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