. Online furniture company Wayfair and exercise cycle-maker Peloton have benefited from the stay-at-home surge this year. Wayfair has risen 165% and Peloton 261%. Beyond Meat, up 72% this year, has been bid up on high growth potential.
"Three stocks that are just sort of crazy nosebleed valuations," said Trainer. "All these firms are positioned with almost no competitive advantage, except you could say a first mover advantage, but it's in a space where the competition is large and growing and the barriers to entry are relatively low."
Wayfair trades at 107 times forward earnings; Peloton 217 times; and Beyond 619 times. The S&P 500, by comparison, trades at 23 times.
Buy: GM, Hershey, Intel. Sell: Wayfair, peloton, and beyond meat. Saved you a click.
Jack Lew, what about the Russia lies for 4 years? Whiner
good
Financial advisors... HUMBUG