S&P 500 Futures - Dec 21

4,595.75
-103.25(-2.20%)
  • Prev. Close:
    4,699
  • Bid/Ask:
    4,578.25/4,579.50
  • Day's Range:
    4,577.25 - 4,717.00
  • Type:Index Future
  • Underlying:S&P 500

S&P 500 Futures Discussions

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  • Having started the year at $293 per share, Apple stock has now gained 50% so far in 2020. Has the pandemic boosted their business somehow? Obviously not. The current earnings forecast for fiscal 2020 is $12.40 per share, up mid single digits from the $11.89 they earned in fiscal 2019. The stock’s trailing P/E, assuming they do in fact earn $12.40 this year, has surged from 19 to over 35.The sentiment shift has occurred in just the last two months, despite the fact that the underlying business is essentially unchanged
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    • I agree with a short term pullback, but it will be a buying opportunity if it happens.
      1
    • Apple has had so many splits. Do the math and consider what a single share bought at IPO would be worth now. The’re not “cheap” compared to Amazon for that reason. Amazon’s P/E is nuts too, BTW.
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    • eventually, but not any time soon. Companies are taking in so much cheap debt, encouraged by the FED, that if they raise rates too soon, they will *******corporate America. They won't do that. That is why the Fed IS the economy. At least for Wall Street. Main Street can suffer and not affect Wall Street because, at the moment, they are being funded by the Fed. If they raise rates before Main Street gets back in it's feet, they will hurt the America that really matters, and no one wants that. That is why the Fed always pushes for more fiscal stimulus, that helps Main Street. But, you can't rely on Congress for anything. If they do come up with some stimulus, it will likely make even newer highs, and they will eventually.
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