Reported 1 day ago
As stock prices have surged since their April lows, David Sekera, chief US market strategist at Morningstar, suggests it may be prudent to take profits on stocks that have rebounded too quickly. He highlights that the communications sector remains undervalued, particularly noting Alphabet's performance amidst concerns about regulatory pressures. In contrast, stocks like Tesla are viewed as overvalued due to disappointing delivery numbers and market saturation, indicating a need for careful evaluation in light of current market dynamics.
Source: YAHOO