Tuesday, February 27, 2024
HomehalftimeA few stocks 'very' overvalued, pro says

A few stocks ‘very’ overvalued, pro says

Certain momentum stocks might have had their day in the sun, Paul Hickey of Bespoke Investment Group said Tuesday.

"Overall, the market is slightly overvalued, but in certain areas of the market, you're very overvalued in stocks," he said on CNBC's "Halftime Report."

Tesla, for instance, has been trading around 123 times its forward price-to-earnings; Netflix at 94 times and Facebook at 51 times.

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