Valuations by themselves aren’t a great predictor of drops in S&P 500 stocks.
But they hold more weight when accompanied by a warning from analysts
And that’s exactly what’s facing 10 S&P 500 stocks with trailing price-to-earnings ratios of 50 or higher, like Fortinet (FTNT), Palo Alto Networks (PANW) and ON Semiconductor (ON). That’s a considerably higher P-E than the…