Closures and safety precautions over the past year definitely created winners and losers in the stock market, and much of that is reversing now that the U.S. is beginning to return to normal. With that caveat, it's not difficult to find stocks that are priced for performance they are unlikely to deliver. For instance, it's hard to imagine a scenario where Target (NYSE: TGT), Boston Beer (NYSE: SAM), and CoStar Group (NASDAQ: CSGP) are able to justify the lofty prices being paid for shares right now.
It's already been a great year for Boston Beer (NYSE: SAM), but things are getting even better. The beer brewer recently raised its aggressive outlook for fiscal 2021 thanks to booming demand for its Truly hard seltzer. While rival seltzer products are flooding the market, Truly is having no problem defending -- and even expanding -- its dominant position.
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