Which stocks are overvalued?
06/08/2023 •
US stocks in general and specific stocks like Nvidia and Tesla. — The majority of comments suggest that US stocks in general are overvalued, with Nvidia and Tesla being frequently mentioned as examples of overvalued stocks.
Stats
| 95% | 225 | |
| 5% | 11 |
| 70% | Negative |
| 22% | Neutral |
| 8% | Positive |
| 42% | 😃 Joy |
| 25% | 😱 Fear |
| 18% | 😡 Anger |
| 16% | 😢 Sadness |
| 0% | 🥰 Love |
| 0% | 😯 Surprise |
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Story
- The prevailing sentiment is that US stocks in general are grossly overvalued. However, there is also a belief that this valuation does not matter in the current market phase.
- There is a divergent viewpoint that US stocks can't be overvalued, dismissing the concepts of "overvalued" and "undervalued" as made up.
- Specific stocks, such as Nvidia, Tesla, Apple, and Microsoft, are considered to be overvalued by some, while others see these valuations as reasonable.
- PFE, Intel, and Diversified Healthcare Trust are considered undervalued stocks by some.
- There's a belief that the current market phase is characterized by the irrelevance of valuations, and buying cheap value stocks is seen as the way to go.
- The concept of intrinsic value is viewed as imaginary by some, leading to the belief that all assets are speculative.
- The US stock market is seen by some as comically two-faced, with expectations of more consumer spending from non-necessity consumption/growth companies, and less consumer spending from necessity consumption/"Value" stocks.
- Certain tech stocks, including Google, Amazon, and Microsoft, are believed to trade reasonably close to their fair value.
- There is a sentiment that AI is overvalued, yet due to the increasing hysteria around it, some people are buying here.
- Despite being considered overvalued by some, there are stocks such as GME and NFLX which are seen as possibly becoming even more overvalued due to their dominant positions in their respective markets.
- Some consider the whole concept of value missing for many investors, leading to a lack of differentiation between 50 PE and 500 PE in the same stock.
- The current market sentiment suggests that predicting future trends is difficult.