Following an 18% decline for the S&P 500 index in 2022 and a volatile and disappointing pullback from this year’s stock-market rebound that crested early in February, some investors may need to be reminded about how well patience can be rewarded.
First, take a look at this 10-year price chart for the SPDR S&P 500 ETF Trust SPY , which tracks the benchmark index SPX : The following screen began with the S&P 500 and then used consensus estimates among analysts polled by FactSet to narrow down the list as follows: Most of these stocks appear expensive by traditional measures. Then again, the same could be said for Amazon.com Inc. AMZN , whose forward price-to-earnings ratio has averaged 69.6, while ranging from 45.7 to 148.7 over the past 10 years, as the stock has risen by 640%.
be cautious with present valuations
Growth club? That could be a good idea to engage with the right crowd
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Correction: S&P 15
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Source: CNBC - 🏆 12. / 72 Read more »
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