NEW YORK ( TheStreet) -- The bull market for stocks has entered the momentum phase where stocks move higher not on fundamentals but on positive technical momentum. Today's focus is on seven momentum stocks including two that report earnings today and tomorrow. Apple (AAPL - Get Report) ($525.96) reports in afterhours trading today and EPS is expected to be $7.85 per share. LinkedIn (LNKD - Get Report) ($240.70) is expected to report EPS of a penny a share afterhours Tuesday.These seven momentum stocks trade well above $200 per share. All seven are overvalued by 11% to 92.6%. Two have buy ratings and five have hold ratings. One is down 13.7% over the last 12 months while the gainers are up 49.8% to 433.3%. Three of the seven have astronomical price-to-earnings ratios between 226.2 and 1297.8. All are well above their 200-day simple moving averages reflecting the risk of a reversion to the mean.
A Closer Look at Apple, Google and 5 Really Big Stocks Over $200
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.