3 Overheated Stocks to Avoid: GOLF, TOL, MBIN

February 09, 2026 - Three stocks—Acushnet (GOLF), Toll Brothers (TOL), and Merchants Bancorp (MBIN)—are trading near their 52-week highs amid strong momentum. However, caution is warranted given stretched valuations and sector concentration risks. Acushnet (NYSE:GOLF) closed at $101.55 with a forward P/E of 25.3x. Toll Brothers (NYSE:TOL) closed at $153.15 with a forward P/E of 11.7x. Merchants Bancorp (NASDAQCM:MBIN) closed at $43.49 with a forward P/B of 0.9x. The S&P 500 has seen significant gains this year, with just four stocks accounting for half the index’s total outperformance, highlighting the risks of overconcentration in a few names. Consider exploring the Top 6 Stocks for this week, a curated list of high-quality opportunities with a 244% total return over the last five years as of June 30, 2025.