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Overvalued Stock Market Beginning To Fray At The Edges

By Tim KnightStock MarketsMay 06, 2021 12:57PM ET
www.investing.com/analysis/overvalued-stock-market-beginning-to-fray-at-the-edges-200578114
Overvalued Stock Market Beginning To Fray At The Edges
By Tim Knight   |  May 06, 2021 12:57PM ET
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Around the edges, this laughably overvalued stock market is beginning to fray. I offer to you below a large quantity of relatively new stocks that have pledged all manner of earth-changing and life-saving promises, and yet are just a series of empty suits. My weariness from uttering “lifetime highs” is alloyed by my observation of “lifetime lows” on such financial instruments at these, and I suspect that word pair will be employed for a long while to come with this dreck. Here are the unlucky 13:

1. Airbnb Inc (NASDAQ:ABNB):

Airbnb Chart.
Airbnb Chart.

2. Bumble Inc (NASDAQ:BMBL):

Bumble Chart.
Bumble Chart.

3. Chewy Inc (NYSE:CHWY):

Chewy Chart.
Chewy Chart.

4. Coinbase Global Inc (NASDAQ:COIN):

Coinbase Global Chart.
Coinbase Global Chart.

5. DoorDash Inc (NYSE:DASH):

DoorDash Chart.
DoorDash Chart.

6. Datadog Inc (NASDAQ:DDOG):

Datadog Chart.
Datadog Chart.

7. Fastly Inc (NYSE:FSLY):

Fastly Chart.
Fastly Chart.

8. Lemonade Inc (NYSE:LMND):

Lemonade Chart.
Lemonade Chart.

9. Nkarta Inc (NASDAQ:NKTX):

Nkarta Chart.
Nkarta Chart.

10. Palantir Technologies Inc (NYSE:PLTR):

Palantir Technologies Chart.
Palantir Technologies Chart.

11. Quantumscape Corp (NYSE:QS):

 

Quantumscape Corp Chart.
Quantumscape Corp Chart.

12. Snowflake Inc (NYSE:SNOW):

Snowflake Chart.
Snowflake Chart.

13. Sumo Logic Inc (NASDAQ:SUMO):

Sumo Logic Chart.
Sumo Logic Chart.

Overvalued Stock Market Beginning To Fray At The Edges
 

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Overvalued Stock Market Beginning To Fray At The Edges

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Comments (2)
Antique Purveyor
Antique Purveyor May 06, 2021 11:12PM ET
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I cant help but think this market is done here as well, I see the same thing here. I sold all my risky assets and I'm hiding out in regional banks via ETF DPST because that's one chart I feel I want to ride higher. I had a huge position in FAS too but Im scared thats also a crowded trade. Im also shorting 10 & 20 year bonds because this makes sense to me.
Ray Steed
Ray Steed May 06, 2021 10:22PM ET
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you have lost all credibility as thats all you do is call a top knowing one day you will be right
Antique Purveyor
Antique Purveyor May 06, 2021 10:22PM ET
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growth stocks are getting crushed, new leaders are financials it appears. always a bull market somewhere
Jenn foster
Jenn foster May 06, 2021 10:22PM ET
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Atlantic Coast Money
Atlantic Coast Money May 06, 2021 10:22PM ET
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This writer has been spot on. As they say, dont hate the player, hate the game. Lol.
 
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