Not every tech stock is expensive. Samsung Electronics trades at half the valuation multiples of smartphone peers, has expected net profit growth of 80% over two years and net cash totaling 25% of its market cap.
The big picture of Growth vs Value, why QE may not result in lower yields and higher stock prices, and Tesla’s fivefold market cap change since start of year caught our attention this week.
Big Tech’s blockbuster earnings results, Trump’s intention to ban TikTok from the US and 85% of S&P 500 companies beating 2Q earnings estimates caught our attention this week.
46% of S&P 500’s market cap will report 2Q results next week. Narrow market breadth and fairly expensive valuations imply that some profit-taking could be due, should management guidance proves underwhelming.
Global equities triggering overbought levels for first time since March, US jobs beat for May, OPEC’s agreement to extend oil production cuts caught our attention this week