Tuesday's stock action may be a sign of market froth, a strategist told Yahoo Finance.
GameStop soared after the retailer announced it raised $933.4 million from a stock sale. AMC and other meme stocks rallied.
Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These are Vita Coco Company (COCO), AMC Entertainment (AMC), Hyperfine (HYPR), Aptevo Therapeutics (APVO) and CLEAR Secure (YOU).