. Travel stocks including airlines have had dramatic shifts in projected earnings in the Covid era, which can make average P/E a noisy number. Still, American traded at around 9-times-earnings in mid-2017, long before the pandemic, and far below the nearly 33 it was trading at as of Friday's close.. The cybersecurity stock is trading at a whopping P/E of nearly 52.
Data security is seen as a future growth area, but investors have increasingly turned their backs on companies whose big payoffs are years away., though it was only trading slightly above its average valuation. The iPhone and iPad maker has a massive cash pile that has many investors to see it as a relatively safe stock in a growth-focused sector, but its shares are still down more than 20% year to date.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Slumps 600 Points to Start the Week, S&P 500 Falls Back Into Bear Market TerritoryStocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.
Source: NBCLA - 🏆 319. / 59 Read more »
MicroStrategy's Stock Plunges 20% Daily as Company's BTC Position Down $1BThe recent declines in both crypto and stock markets have harmed MicroStrategy and its share prices.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Why ETFs are a wise choice in a bear marketA bear market is a prolonged period of stock market price declines, typically by 20% or more from its most recent high. Check out thedividend1 for great stock picks in this bear market Worried about a Recession Don’t worry about it…Better worry about a DEPRESSION!!!! Exactly what President Trump said would happen if Biden got into office! Between Fox News trying to make people lose money and every other news talking about Jan 6th instead of this bed shitting economy. I wonder why no one trust you guys
Source: FoxBusiness - 🏆 458. / 53 Read more »
FBI busts online black market selling millions of stolen Social Security numbersUS law enforcement officials took a victory lap over dismantling the SSNDOB websites trafficking in stolen data like Social Security numbers.
Source: BGR - 🏆 234. / 63 Read more »