The Year Ahead
In a Market Full of Optimists, These Are the Most Expensive Stocks
Tesla is on the list, of course, but investors are also expecting rebounds from industries hit hard by lockdowns.
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The stocks with the highest prices relative to expected earnings include the usual suspects: those of tech-driven companies with potential for fast growth. But some are included in the S&P 500 Value index, traditionally home for low-priced stocks. In many cases, earnings are depressed because of the coronavirus pandemic—some are in travel-related businesses—but investors are betting they will bounce back when it ends.
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