- 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.
Morningstar’s Rally Is Stretched
June 21st, 2018 · No Comments