AYX - 3 Tech Stocks That Are Wildly Overpriced
After an ugly slide during the last few months of 2018, the stock market has done well in 2019. With just a few weeks left in the year, the Dow Jones Industrial Average is up around 20%, the S&P 500 is up by about 23%, and the NASDAQ has gained nearly 30%.
However, that rising tide has pushed some stocks to expensive valuations, and increased the likelihood of a correction. "We still think the greatest risk in the equity market remains in growth stocks where expectations are too high and priced," Morgan Stanley Chief U.S. Equity Strategist Michael Wilson stated recently.
Investors should think twice before investing in steeply overvalued stocks, and these are some of the most expensive tech stocks in the market today.