These 3 Tech Stocks Are Absurdly Overvalued Right Now
The technology sector has been on an absolute tear this year during the COVID-19 pandemic, with the Nasdaq composite up over 40% in 2020. Of course, after this miraculous run and during a recession, one or two market darlings may be on the verge of a pullback, or even something much worse. As we get into the second half of the year, investors should remember the phrase from Warren Buffett's teacher Ben Graham: "In the short run, the market is a voting machine, but in the long run, it is a weighing machine."
In that light, investors should be extremely cautious about the following three stocks that I don't think are quite heavy enough to justify their current valuations.
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Source Fool.com
