This post was originally published on this site
Impressive second-quarter corporate earnings and the Senate’s passage of a$1 trillion infrastructure bill have been helping the major stock market indexes hover near their all-time highs. This, in part, has led to stretched valuations for several popular stocks with weak fundamentals.
Ultra-Popular stocks DoorDash, Inc. (DASH), Palantir Technologies Inc. (PLTR), and Aurora Cannabis Inc. (ACB) are examples. They look significantly overvalued at their current price levels and could be due for a price retreat. So, we think it best to avoid these three stocks now.
