In part 1 I looked at the most reasonably valued 10 stocks out of the 30 Dow Jones Industrial Average Constituents. In this part 2, I examine the second tier of 10 Dow stocks that are overvalued generally to illustrate how richly valued the market is.
It is important to point out that the 30 Dow Jones Industrial Average stocks represent some of the highest quality companies on the planet. However, it is also important to recognize and accept the undeniable reality that even the best companies can become overvalued from time to time.
But even more importantly, in the long run, fundamental values reign supreme. The point is to avoid initiating investment when valuations are high and patiently wait for your favorite companies inevitably returning to intrinsic value. The rewards will be worth the wait.
In this video I will be going over Cisco Systems (CSCO), Johnson & Johnson (JNJ), 3M Co. (MMM), UnitedHealthcare (UNH), Caterpillar (CAT), Procter & Gamble (PG), Walmart (WMT), Home Depot (HD), American Express (AXP), Coca Cola (KO).
FAST Graphs Portfolio Review Dow Jones
FAST Graphs Analyze Out Loud Video
— Chuck Carneval
We Could Be Less Than 3 Months Out from an AI Superevent [sponsor]According to one of the world's top AI scientists, there's a major event coming as soon as three months from today that could cause expensive tech stocks like Microsoft, Google, and NVIDIA to double or triple in price in the months ahead... but whatever you do, don't go all in on big tech before you have all the details. Click here.
Source: FAST Graphs