Should You Buy These High-Flying Nasdaq Stocks?
It's a conundrum, to be sure. The Nasdaq Composite is struggling, touching its lowest lows since July this past week and acting as if it could keep edging lower. Yet, Nasdaq-listed names Peloton Interactive (NASDAQ: PTON), Zoom Video Communications (NASDAQ: ZM), and Roku (NASDAQ: ROKU) are bucking that overall trend by continuing their upward march. Are these companies simply so strong that the environment doesn't matter? Or, is this persistent bullishness a setup for some serious selling in the very near future?
It's tough for some veteran investors to stomach the idea that overvalued stocks will continue an already-unlikely bullish charge. But, in this particular scenario, these may well be names worth owning right now -- for all the wrong reasons.
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Source Fool.com
