Published 30 days ago

Not AI Or Magnificent 7: Short-Seller Jim Chanos Warns Investors Are Missing 'Absolute Insane' Valuations Of These Stocks - SPDR Select Sector Fund - Industrial (ARCA:XLI)

Summary by Ground News

Short-seller Jim Chanos has warned of a bubble brewing in some industrial stocks. Chanos highlighted concerns about high valuations in low-growth industrial companies. He pointed to Eaton Corporation Plc trading at nearly 30 times its last twelve-month EBITDA and six times its revenue.

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Benzinga

Not AI Or Magnificent 7: Short-Seller Jim Chanos Warns Investors Are Missing 'Absolute Insane' Valuations Of These Stocks - SPDR Select Sector Fund - Industrial (ARCA:XLI)

The 2023 market rally has been fueled by big tech companies, many with exposure to artificial intelligence. However, investor and short-seller Jim Chanos has warned of a different bubble brewing: “insane valuations” in some industrial stocks. What Happened: On Wednesday, Chanos highlighted concerns about high valuations in low-growth industrial companies. “While people focus on AI, the Mag 7, etc., I think they might be missing the absolute ins…

30 days ago·New York, United States

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