Wall Street Loves These 3 Growth Stocks -- Should You?
One of the core tenets of investing that people need to understand before they even begin to put money into stocks is that the market is not always rational. You can generally rely on certain principles to point you in the right direction, but there will be risk in any strategy since the share prices might move in ways that just don't seem to make sense.
For example, meme stocks have become a feature of the market in 2021, which means that groups of individual small investors can foment excitement about a stock that doesn't deserve your confidence and jack up its price well beyond anything justified by the underlying business. And sometimes Wall Street reacts strongly to news that doesn't impact the business as much as the stock change would imply.
Then again, sometimes Wall Street can pretty well hit the nail on the head. This year, Wall Street has been loving Chipotle Mexican Grill (NYSE: CMG), Shopify (NYSE: SHOP), and Revolve Group (NYSE: RVLV). Should you give them some love -- and some space in your portfolio as well?
Source Fool.com
