06-22-2020, 11:11 AM
Seems that an unrelenting flow of money just keeps flooding into the big tech names.
AAPL and MSFT are up another 2% today and again at new all-time highs.
Both market caps are now above $1.5T.
AAPL is trading at a 28.8 PE on 2020 estimates and its yield is down to 0.92%. Expected EPS growth rate is 10-13%.
MSFT is trading at a 35.1 PE on 2020 estimates and its yield is down to 1.02%. Expected EPS growth rate is 12-15%.
Seriously considering another trim, they are both up to 1.5X sized positions again, and projected future returns just aren't there at these valuations.
AAPL and MSFT are up another 2% today and again at new all-time highs.
Both market caps are now above $1.5T.
AAPL is trading at a 28.8 PE on 2020 estimates and its yield is down to 0.92%. Expected EPS growth rate is 10-13%.
MSFT is trading at a 35.1 PE on 2020 estimates and its yield is down to 1.02%. Expected EPS growth rate is 12-15%.
Seriously considering another trim, they are both up to 1.5X sized positions again, and projected future returns just aren't there at these valuations.