Alphabet stock is still trading at a cheap multiple. It has many growth vectors to benefit from artificial intelligence. Margin can help the company's profits explode in the next few years. That isn't the case with every AI stock.

Yes, the market is superconcentrated, and Nvidia is critical to the entire market edifice. But stocks aren’t as expensive as they might appear.

U.S. trade deal

Follow the action in markets to close the week in what's been a record-setting time.

To be considered for admission to the S&P 500, a company must meet the following criteria:

The S&P 500 closed at an all-time high for the ninth time this month, while the tech-heavy Nasdaq hit its 13th record July close.

Perhaps that’s one reason stocks are selling off globally this morning. While most indexes in Asia and Europe remain near their all-time highs, there is broad-based but mild selling in all of them.

A large chunk of the market’s gain is the result of bets on price declines that haven’t happened.

Want to try your luck investing in individual stocks? Investing legend Rob Arnott says go for it.

Yesterday, in a rerunning of its markets-model forecast, it eased up on some of its U.S. optimism, pointing to stretched valuations in U.S. equities. Notably, U.S. growth stocks are now seen growing at a rate barely beating inflation expectations.