Lincoln Electric (NASDAQ: LECO) shares have witnessed significant gains recently, driven by strong business performance. However, despite a re-rating multiple, the company’s valuation remains at a premium. With choppy order trends and dynamic operating conditions expected in 2024, investors may want to consider alternative investment opportunities.
Ahead of Apple’s upcoming earnings report, tech investor Dan Niles expresses concerns over the company’s valuation, citing its lack of significant growth and competitive challenges. Niles believes Apple’s fundamentals have been lackluster for three years and that the company is facing increasing competition from Huawei and lagging behind in the artificial intelligence race.
