3 Top Stocks That Look Like Bargains Today
The S 500 is hitting new highs again, and it's becoming expensive again, trading at a cyclically adjusted price-to-earnings ratio of 38. There are many theories about why this time is different and why we're not in a boom-and-bust cycle. The artificial intelligence (AI) stocks that are driving the gains are predominantly profitable and thriving, and many of them, including Amazon and Alphabet, have solid businesses beyond AI.
However, you can't escape the fact that many shares have premium valuations with a lot of growth already baked in. If you're looking for bargains in this lofty market, (NYSE: CCL), MercadoLibre (NASDAQ: MELI), and Chipotle Mexican Grill (NYSE: CMG) are all top stocks that look priced to buy.
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Source Fool.com
