Facebook is too expensive… but is it overvalued?

0 | By Wall Street Insights and Indictments Staff

Shah showed up after hours on Fox Business to discuss two huge stocks reporting earnings – Facebook and Tesla.

Even though he thinks it’s too expensive, Shah still likes Facebook and says it has much higher to go from here on the strength of their efforts to monetize mobile. As for TSLA, Shah’s still short the stock, and says that the numbers just don’t add up.

Host Charles Payne also asked Shah about a possible Fed rate hike… will they really raise rates in December?

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