3 Stocks Set to Drop
It's been a great year for owning public companies. The S&P 500 has gained 13% this year and continues to set new record highs. Nearly everywhere investors look -- infrastructure, energy, industrials, healthcare -- they'll find companies that seem to have the wind at their back. Although right now it may seem that the good times may never end, even Warren Buffett thinks the market looks a little pricey.
Whether or not a marketwide reset is on the horizon, there are always stocks with expensive valuations that can be readjusted lower. Sometimes they drop quickly, and sometimes they gradually slide lower over several quarters or years due to becoming less effective at their market niche. That's why I think there are good reasons shares of Tesla (NASDAQ: TSLA), Northern Dynasty Minerals (NYSEMKT: NAK), and CF Industries (NYSE: CF) are set to drop.
Image source: Getty Images.
Source: Fool.com
General Motors Corp Stock
Our community is currently high on General Motors Corp with 32 Buy predictions and 5 Sell predictions.
As a result the target price of 46 € shows a slightly positive potential of 10.07% compared to the current price of 41.79 € for General Motors Corp.
