Following the most breakneck bear market in history during the first quarter of 2020, the broader market has spent most of the past 9 1/2 months in all-out rally mode. Tech, healthcare, and pretty much anything perceived as innovative or high growth have been off to the races in this environment of historically low interest rates.
But as equity valuations explode into the stratosphere, investors will have to be more critical than ever when analyzing potential investments. There are three popular companies I’m following right now that have been red-hot in recent weeks. But I wouldn’t consider investing in these stocks — even if I were offered free money to do so.