Market Insider

Would you shed these S&P superstars?

Time to sell the rip?

Eight big-name companies from the S&P 500 are currently trading at or near record highs, but should you sell the rip?

On a year-to-date basis the momentum for Facebook, JPMorgan, Nike, Starbucks, Chipotle, Under Armor, Home Depot and Netflix has been positive, with each company trading at or within 5 percent of their 2015 record highs.

In a March Madness bracket-style competition CNBC wants you to decide which stock is overextended or overvalued at current market values.

Tweet CNBC at #selltherip and vote below to pick which of these eight stocks trading at or near record highs you think offers the biggest selling opportunity.

Round 1

At the close of round one, four stocks remain.

In a close matchup, veteran JPM pulled ahead of FB with 51 percent of voters saying that they would sell this overvalued stock. Similarly, sports apparel company NKE edged out SBUX with 53 percent of participants voting to sell, sell, sell.

On the other side of the bracket, CMG was voted as the rip to sell over UA by an overwhelming 69 percent. HD and NFLX had a closer match up, as the media service was deemed the better sell by 57 percent of participants.

Round 2

And then there were two: CMG and NKE.

Once again, CMG was voted the more overvalued stock by a landslide. It received 63 percent of participant votes when paired against streaming service NFLX. In a close matchup, NKE edged past JPMorgan, garnering 54 percent of votes.

The sports apparel company held its initial public offering in 1980 and is trading within 3 percent of its all-time high of $117.72 per share. Chipotle went public in 2006 and is within 1 percent of its all-time high of $758.61 per share.

Final Round

And the most overvalued stock on the market is...Chipotle.

The restaurant chain was voted the best selling opportunity over Nike by 77 percent of participants. Chipotle beat earning estimates last month and is currently priced at $735.15 per share in after hours trading.