These 2 Tech Stocks Are Absurdly Overvalued Right Now
The stock market is a popularity contest in the short term but a weighing machine in the long run, to paraphrase investing expert Benjamin Graham. Many skyrocketing stocks are bound to run out of jet fuel at some point and come crashing down to earth. On that note, let me show you a couple of overvalued tech stocks you should avoid right now.
At first glance, telecom titan AT&T (NYSE: T) might not look terribly expensive. The stock has fallen 24% over the last year, AT&T trades roughly 10% above the multiyear lows of March 2020, and you can pick up shares at the bargain-bin valuation of 9 times forward earnings. That's a steal, right?
Not so fast.
Source Fool.com
