The history of companies with Nvidia-like valuations isn't a good one

📆 8/21/2023 1:45 PM
📰 MarketWatch

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Nvidia now holds the distinction of having the highest price-to-sales ratio in the S&P 500, a title 99 companies have had since the 1960s. Here's how they...

There will be two major drivers of market sentiment this week — the gathering of Federal Reserve officials in Jackson Hole, Wyo., and Nvidia’s set of results — although there could be some fireworks from the Labor Department’s preliminary benchmark revision to the jobs data on Wednesday.Jeremy Schwartz, global chief investment officer at WisdomTree, decided to take a look at Nvidia NVDA, -0.

The underperformance is even starker for the tech companies that hold the biggest price-to-sales ratios. And the median performance for stocks at these price-to-sales ratios is even worse. For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily.

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:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

These 20 dividend stocks have been the best income growers in the S&P 500Rather than focusing on high current dividend yields, you might build an income stream for retirement by holding stocks over the long term as payouts increase.
Source: MarketWatch - 🏆 3. / 97 Read more »