upside 2026 with fed cuts and potential big tech ipos
Big Tech Stocks Are Getting Cheaper, And That Could Mean Gains Of Up To 60%
S&P 500 stocks may be expensive relative to their historical averages, but many are cheaper than they were at the start of the quarter. Some companies have seen their stocks' forward price/earnings ratios fall significantly since September.Whether stocks are expensive depends on how you look at things.With a weighted forward price-to-earnings multiple of 22.4, the S&P 500 SPX is trading at an 11% premium to its five-year average of 20.1 and a 19% premium to its 10-year average of 18.8.But, since the end of September, the index's forward P/E ratio has actually decreased from 22.9. And more than half of stocks in the S&P 500 now have lower P/E ratios than they did as of Sept. 30.Here are the 20 largest companies by market capitalization that passed the screen, with forward P/E valuations declining and rolling 12-month EPS estimates increasing since Sept. 30. This first table shows the changes in forward P/E ratios and consensus 12-month EPS estimates. You might need to scroll the table o
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