The best-performing sector of the S&P 500 is still the cheapest, while technology stocks look overvalued

In a year of supply challenges, investors have watched as the stock market’s sector focus has shifted.

Any company’s forward P/E ratio may not be very meaningful by itself. For example, Amazon.com Inc. AMZN, +0.15% has been trading at high P/E multiples for decades, but these haven’t stopped the stock from performing well as its rapid revenue growth has continued. At the close on March 18, Amazon traded for 59.8 times the consensus earnings-per-share estimate for the next 12 months among analysts polled by FactSet, while the S&P 500 traded at a weighted forward P/E ratio of 19.4.

One way to invest in large domestic energy producers as a group is the Energy Select Sector SPDR ETF XLE, +4.03%, which holds all components of the S&P 500 energy sector. Another is the iShares Global Energy ETF IXC, +3.40%, which holds all the stocks in XLE, but adds large players based outside the U.S., such as TotalEnergies SE TTE, +0.59% TTE, +1.00% and BP PLC BP, +4.05% BP, +3.69%.

Clear water, bright sun, clean air Life is beautiful with these Retoken, 💓 BscRetoken

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

500+ Academics Call for End to Climate Research Funded by Fossil Fuel Industry'Our universities must be climate leaders, not climate laggards,' said climate scientist Peter Kalmus ClimateHuman ClimateHuman Find out more at FosFreeResearch
Fonte: commondreams - 🏆 530. / 51 Leggi di più »

Top Wall Street analysts say these are the five best stocks for the long termTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Caterpillar and Oracle
Fonte: CNBC - 🏆 12. / 72 Leggi di più »