2 Hot Growth Stocks Investors Should Avoid
With triple-digit gains in the bag, these two stocks may be priced for perfection.
Several analysts have been expressing some caution regarding these stocks' big gains.
There's no reason investors should feel like the only way to make money in the stock market is to own the hot growth stocks everyone's talking about.
With Tesla and Nvidia stock seeing triple-digit gains in the first half of 2023, investors should approach these names cautiously.
The tech-heavy
Nasdaq Composite
has declined nearly 1% since June 16
There are certainly some Nasdaq-traded growth stocks looking stretched. Indeed, two of the most popular stocks of 2023 --
Tesla
(TSLA
and
Nvidia
(NVDA
Electric car maker Tesla and graphics chip maker Nvidia have seen their stocks soar about 113% and 195% year to date respectively