Wayfair: No Upside Left After Massive Rally (Downgrade)

Group 1 - The current stock market is characterized by high valuation multiples that exceed historical norms, indicating a potentially risky environment for investors [1] - Retail investors have been actively investing in beaten-down consumer stocks, which has contributed to a significant recovery in the performance of several previously declining stocks [1] Group 2 - Gary Alexander has extensive experience in covering technology companies and has been involved with seed-round startups, providing insights into current industry trends [2] - His contributions have been featured on platforms like Seeking Alpha and have reached a wide audience through popular trading apps such as Robinhood [2]