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Apparently, if you separate the 5 biggest tech companies (Apple, Microsoft, Google, Facebook, Amazon) the rest of S&P 495 is down about 11 percent Year-to-Date
by Pandabob 6y ago
Apparently, if you separate the 5 biggest tech companies (Apple, Microsoft, Google, Facebook, Amazon) the rest of S&P 495 is down about 11 percent Year-to-Date [1].
[1]: https://seekingalpha.com/article/4363542-big-5-twilight-zone https://seekingalpha.com/article/4363542-big-5-twilight-zone
- kanobo 6y agoThank you, that's an excellent fact that rarely gets mentioned in the news or in comments.
- cableshaft 6y agoYeah no kidding. Was completely oblivious to this. Although I knew Amazon and Apple's stock had shot into the stratosphere somehow (Amazon I totally get, Apple not so much)
- pradn 6y agoApple might be skyrocketing b/c 1. it's post-covid revenues weren't significantly impacted 2. it's a blue chip stock in an era where safe securities like bonds yield nothing (there's no where else to put money) 3. fund managers don't want to miss out on the up-swing momentum, however irrational it may be
- Pandabob 6y agoYup. I'm honestly impressed that Apple's services revenue is now 50% of iPhone revenue [1]. [1]: https://www.cnbc.com/2020/07/30/apple-aapl-earnings-q3-2020.html https://www.cnbc.com/2020/07/30/apple-aapl-earnings-q3-2020....
- benlivengood 6y agoPresumably all those investors whining about large cash balances are singing a slightly different tune now.
- projektfu 6y agoThe Russell 3000 has recovered to above its January 2 level.