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Morningstar’s Rally Is Stretched

June 21st, 2018 · No Comments

  • Terrific corporate performance and the shares have been on an enormous winning streak with the RSI reaching 95.
  • The shares need cooling off, as valuations are substantial and the performance was boosted by temporary tailwinds.
  • Revennue growth is likely to continue and buybacks are another source of EPS growth, but we don’t see much room for margin expansion and valuation multiples are stretched.

Source: Morningstar’s Rally Is Stretched – Morningstar, Inc. (NASDAQ:MORN) | Seeking Alpha

Tags: MORN