US indexes are entering correction territory as a flurry of bad news rattles global markets.However, savvy investors may view this as a chance to shed overvalued stocks and acquire high-value opportunities with significant upside potential.
With the market selling off and earnings not keeping up with the stock's growth, this is exactly the kind of name investors should avoid as the retail giant’s gains might be at risk. And we would also have to factor in the fact that the stock has seen a meteoric rise of about 345%+ since January 2021.Those who subscribe to InvestingPro can harness the power of the fair value tool to pick the right time to exit a stock, especially when the broader market is selling off.Eli Lilly and Costco aren’t the only stocks vulnerable to a selloff, according to fair value.The top two in this list were the stocks discussed in the article above, Eli Lilly, and Costco.
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »