Stocks to Avoid
These stocks are all in the red this year yet continue to trade above our estimates of their fair value.
Two weeks ago in this column, we put the spotlight on stocks that have returned twice as much as the S&P 500 this year, yet still looked undervalued according to Morningstar's estimates of their fair values. These stocks have more room to run, in our opinion.
This week, we’re taking a look stocks through the opposite lens, focusing on those that have underperformed the market in 2017, yet still look overpriced according to Morningstar's estimates of their fair values. In our opinion, these would be stocks to avoid.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.