Fast Money Traders Believe That These Stocks Are Expensive: Netflix, Inc., Amazon.com, Inc. & More
Speaking on CNBC's Fast Money, Tim Seymour said that he believes that Netflix, Inc. (NASDAQ: NFLX) is overvalued. He thinks that the company is a victim of its own success, because it will have a tough time to come up with a better content or with a content of similar quality to "House of Cards." Seymour added that the costs are going higher and all the good news is priced in.
Pete Najarian feels that Caesars Entertainment Corp (NASDAQ: CZR) is too expansive. If you look at the chart, the stock is trading close to 52 week low, but Najarian thinks that the company has too much debt. With $24 billion in debt, the stock has plenty of room on the downside.
Amazon.com, Inc. (NASDAQ: AMZN) is too expensive for Brian Kelly. He thinks that the growth might be over for the company and if the market gets the same feeling on the next earnings report, the stock could trade lower.
Guy Adami said that TrueCar Inc (NASDAQ: TRUE) had a monster move since the IPO in May, and he believes that the stock is getting in the too expensive territory. There hasn't been a sell-off in the name, and Adami thinks that one could happen soon.
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