Business

Occidental, Moderna and 22 other stocks will lag behind the market in 2023


There are dozens of overvalued stocks that are good for betting big losses next year.

You may be surprised that there are no more overvalued stocks on the market. Didn’t the bear market deflate many, if not most, of the overvalued stocks at the top of the bull market? The

S&P 500 Index

is suffering a loss of 18.1% year-to-date and technology-heavy companies

Nasdaq 100 index

32.3% below where it was at the end of 2021. (Both returns include dividends reinvested through December 23.)

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