Dick’s Makes Morningstar List of Most Overvalued Stocks

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The Street

By Dan Weil The research firm created a roster of the 10 most overvalued stocks, relative to its fair value estimates. The S&P 500 has jumped 12% over the last three months, pushing stock valuations upward. So it’s no surprise that as of Jan. 9, 130, or 15%, of the 847 stocks covered by Morningstar analysts were overvalued relative to the analysts’ fair value estimates. That compares to about 30%, or 253 stocks, a year ago. Utilities in particular were overvalued — 46% of them. Here are the 10 most overvalued Morningstar-covered stocks as of Jan. 9, starting with the most overvalued. (The num…

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