How do you accurately value the big tech growth stocks that are driving market returns, given their dominance on one hand, and the significant risks they face on the other? Published on Citiwire.
How do you value the growth stocks driving the market?
Apple’s share price is up close to 120% over the past 12 months. Amazon has gained almost 75%, and Microsoft has risen over 50%.
Even if the world wasn’t in the midst of a severe global recession, those would be extraordinary numbers for the three biggest listed companies in the US.
In an Asset TV panel discussion this week, three local boutique managers, all with hedge fund capabilities, attempted to make sense of this extreme market phenomenon.