The Shiller price-to-earnings ratio is at historical highs, indicating an expensive market. UnitedHealth Group’s stock price dropped 32% due to federal probes and falling earnings. Alphabet is strong in search, with growth in Waymo and Google Cloud. Despite an expensive market, there are still value stocks worth considering. UnitedHealth Group’s challenges include federal investigations and underestimating medical trends. Alphabet trades at a mid-20s P/E ratio, with promising growth prospects in search, Waymo, and Google Cloud. Consider investing in UnitedHealth Group and Alphabet for potential returns.

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