1 Overvalued Stock I Can't Wait to Buy at a Discount
The Nasdaq Composite index soared 43% in 2023 before rising 29% last year. And through the first month of this year, it was up 2%. Bullish fever has taken over Wall Street. As a result, some of the world's top companies are trading at elevated valuation multiples. This can be discouraging for some investors, particularly those who prioritize paying an attractive price for the businesses that they want to own in their portfolios.I fall into this camp. I guess patience is a virtue, as they say. Here's one overvalued stock that I can't wait to buy at a discount.Continue reading
The Nasdaq Composite index soared 43% in 2023 before rising 29% last year. And through the first month of this year, it was up 2%. Bullish fever has taken over Wall Street.
As a result, some of the world's top companies are trading at elevated valuation multiples. This can be discouraging for some investors, particularly those who prioritize paying an attractive price for the businesses that they want to own in their portfolios.
I fall into this camp. I guess patience is a virtue, as they say. Here's one overvalued stock that I can't wait to buy at a discount.
