Costco vs. Walmart: trader says one could be a better big box pick $COST $WMT (via TradingNation)
shares are higher for the year, bucking the sharp market sell-off, with Americans stockpiling as coronavirus lockdowns stretch on.
"We like them both. We're bullish on both Costco and Walmart. Of the two, Costco is the standout," Wald said Monday on CNBC's "." "It's really based on our bullish view on U.S. large-cap growth but broadly the stock has been on our buy list since April of 2018, and although it has become near term overbought in our relative work as it has outperformed through the sell-off, we still like it.
"We're out of Costco based on valuation. We got out at the end of last year at kind of the levels we're at now. We'd owned it in 2017. Loved the story. Loved the fundamentals but the valuation got a little bit rich for us," Tengler said during the same segment.
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