The Dow Jones Industrial Average (DJIA) fell 200 points last Friday, registering its fifth straight week of losses. Investors' concerns over escalating tension between Russia and Ukraine have primarily led to the correction of the index over this period. The rising oil and gas prices, the upcoming interest rate hikes, and rising supply chain disruptions could lead to a further downtrend for DJIA in the coming days.
While several DJIA stocks are currently trading at attractive valuations considering their long-term growth prospects, many still look expensive. Since the index could lose further value in the near term, it could be wise to avoid stocks that still look overvalued.
