Intuitive Surgical, Inc. (ISRG): Does Your Portfolio Hold A Ticking Time Bomb?

Across the S&P 400 and S&P 500, there are 93 companies that trade for more than 30 times projected 2013 profits. As we head into earnings season, these are precisely the companies that will be under the gun to deliver robust results and forward outlooks.

Here’s a quick view of 15 pricey stocks.

Risks to Consider: As an upside risk, pricey stocks are often heavily shorted, and further advances in this bull market could lead to short covering, which could push these stocks even higher.

Action to Take –> These companies are not only subject to so-called execution risk (that is, they must deliver on the high expectations in place for them), but they are also subject to market risk. If the market starts to head south, then these are precisely the kinds of stocks for which investors will “shoot first and ask questions later.” That’s why it pays to stick with stocks that represent solid values or dividend yields. They are far more likely to hold their own if the market weakens.

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