Time to Unload: 3 Overextended and Overvalued Stocks to Dump This Week
LUVSouthwest Airlines(LUV) InvestorPlace·2024-03-18 04:42

After the market rallied to a new record high last week, there is plenty of talk about which overvalued stocks may be in danger zone. The S&P 500 nearly doubles its median price-to-earnings (P/E) ratio of 15, currently at a P/E of 28 times.With artificial intelligence (AI) driving markets, there is speculation about whether there is a bubble. If so, when will it burst? In such an environment, it’s prudent to determine which stocks have become overvalued and overextended. These may be poised for a reversal o ...