Outside of the big 5 tech companies, earnings growth is zero

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Goldman Sachs found that just 5 companies, including Apple and Amazon, have contributed to the S&P 500's EPS growth.

Just five stocks — Facebook, Amazon, Apple, Microsoft and Alphabet — account for the S&P 500's year-over-year EPS growth, according to Goldman Sachs.

"Mega-cap earnings strength contrasts with small-cap earnings weakness," the firm's analysts led by David Kostin said. The "FAAMG" basket accounts for 18% of the total S&P 500 value. The last time there was such high concentration among just 5 names was during the tech bubble. This time around, however, Kostin said the market is on firmer ground.

Just 5 companies are driving bottom-line growth in the stock market, according to a Goldman Sachs analysis as earnings season enters its final stretch.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This scare campaigns from CNBC before options expiry and this nothing supporting this allegation .

Greatest economy in the history of the republic?

And those markets are shrinking as well. Tech..... bubbles.... burst.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese Stocks Recover From Coronavirus-Driven SelloffChinese shares have recouped their post-Lunar New Year losses, suggesting growing confidence the coronavirus will only deal a temporary blow to growth and overall corporate earnings. PERMA BULL SHIT The reason they have rebounded are purely technical - ban on short selling, justification of any sales, liquidity injection etc NOT FUNDAMENTALS OR CORONAVIRUS CONFIDENCE Moshi86 hashi1888 👍
Source: WSJ - 🏆 98. / 63 Read more »

With Good Times Back For The Music Business, Warner And Universal Are Looking To Cash In On Multibillion-Dollar IPOsTwo of the world’s largest music companies are looking to capitalize on the music industry's growth, which has been fueled by streaming services like Spotify and Apple Music. Recommend they have discussions with BigHitEnt Mr Bang Shi Hyuk and his team🤡
Source: Forbes - 🏆 394. / 53 Read more »