Hype Busters: 3 Overvalued Stocks Ready for a Reality Check
Costco(COST) Investor Place·2024-06-21 10:22
Overvalued stocks are prevalent in today’s market. Based on the historical ratio of total market cap over GDP (currently at 193.4%), the Buffett Indicator suggests that the U.S. stock market is significantly overvalued. Overvalued stocks like this will likely return only 0.5% yearly, including dividends from this valuation level.Below, you’ll find three stocks that appear significantly overvalued due to hype. These stocks have a high probability of dropping out of the rarefied air of the stratosphere soon e ...