The Top Is In For Infosys
Infosys Growth Is Priced InInfosys (NYSE:INFY) is still growing, it’s still making profits, and it’s still on track to pay a higher dividend than it did last year but the market for the stock has peaked. This is because the growth is more than priced in and sell-side support is waning. In this paradigm, we can expect to see the analysts and institutions add more weight to share prices and possibly turn this top into a full reversal. Trading at 27X its earnings with earnings growth slowing a dividend below 2.0% there is really no reason to be excited about this stock and, if you already own it,...