FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri
Even with the sell-off, the S&P 500 technology sector is trading at about 25 times forward earnings and at a nearly 55% premium to its 10-year average, IBES data shows, according to Refinitiv analysts. The sector’s P/E hit 28.4 on Sept. 3, its highest since 2004.While tech valuations remain high, investors still see it as the place to be if coronavirus cases continue to grow and the economy falters further.
Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets in New York, said in recent commentary that its September U.S. equity investor survey suggested there was no clear consensus on what to do with big-cap tech and internet names. The two biggest companies by market capitalization in the tech sector - Apple and Microsoft - also have valuations well above their long-term averages.
The mash-up between pulp/fiber paper products and printable electronics is going to change the world in ways we’d never suspected were possible.
BUY
Crash is coming! This entire market is propped up.
Gambling
12:00 AM · 7 окт. 2020 г.·True Anthem 🚩
Sell unless you want to get a real job.
Wait until after the election.
Buy the dip