Whether or not the broader stock market is in a bubble, ultra-growth stocks seem to be, according to an analyst at JPMorgan.
While some Wall Street analysts are concerned about a broader stock market bubble, JPMorgan’s Eduardo Lecubarri, global head of small- and mid-cap equity strategy, wrote in a note that ultra-growth equities are the area of most concern. “We have argued since the start of the year that investors needed to run away from stocks trading on high multiples over rich growth expectations,” said Lecubarri in…
