These 3 Stocks Are Absurdly Overvalued Right Now
The stock market is back with a vengeance from the sharp COVID-19 plunge of the spring. The S&P 500 market index stands near its all-time highs after gaining 14% in 2020. The tech-heavy NASDAQ Composite Index bounced back even faster, exploring its own all-time record levels after a 40% year-to-date gain.
The rising tide lifted some boats much higher than others, leaving many tickers trading at a precariously lofty valuation. Data warehousing specialist Snowflake (NYSE: SNOW), video game retailer GameStop (NYSE: GME), and business intelligence expert MicroStrategy (NASDAQ: MSTR) have soared closer to the sun than most of their peers, making me wonder whether they are poised for heavy-handed corrections in the near future.
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Source Fool.com
