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NEW YORK (TheStreet) -- The stock prices for social networking site Facebook  (FB - Get Report) and e-commerce giant (AMZN) hit all-time highs earlier on Wednesday. 

"Amazon and Facebook are the two most innovative, dynamic companies in the world, but look at where they are. Look at how far they've come up recently," Circle Squared Alternative Investments founder Jeff Sica said on Fox Business' "Varney & Company" this morning. 

However, the market is currently "artificially inflated by the Fed" so even though Facebook and Amazon have been doing what they should do to generate revenue and growth, they have become "overvalued," he said. "So this is a time to be careful, not to invest with reckless abandon."

"I think these stocks are way overvalued," Athena Private Wealth financial advisor Dan Stecich said in agreement. "Amazon and Facebook, as Jeff just mentioned, are doing the right thing and getting some value out of it." 

The market will not stay as high as it is given the recent economic U.S. data that has come out, as well as recent earnings reports, Stecich said. "We need some change here, and I don't know when it's going to come. But I'm not getting involved in any more stocks right now," he said. 

(Facebook is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings team rates Facebook as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.

You can view the full analysis from the report here: FB

FB Chart FB data by YCharts