Back to tracking stock market

There were too many events with Covid lock down, opening up and people starting to go out again. In the middle of it stock market went down, up and now it is going down again. Story now is interest rates are going up to contain inflation. This is where we are now -

S&P 500 (SPY) : $364. PE ratio is 18.4. (source: https://www.multpl.com/s-p-500-pe-ratio) 

There are stocks which seem to have low valuation, at least a PE ratio I have not seen them trade at for a long time.

INTC : $26.5.     PE: 5.7

META: $138.2.   PE: 11.2

QCOM: $116.     PE: 10.3

GOOG: $97.7.    PE: 18.2

AAPL: $143.      PE: 23.7

Meta (or FB) dropped further lower to $120 as of Dec 30, 2021. I typically look at PE ratio to see if something is overvalued. META is trading at PE of 11.5 at this price. But what makes it attaractive is operating cash flow is $54billion, which is 1/6th of market cap of $314billion - or 17.2% of market cap. For comparison AAPL market cap is $2.07 trillion and operating cash flow is $120billion, which makes cash flow to be 5.7% of market cap.

Next set of price drops Bay area real estate

 In the current market, with interest rates going up, prices continue to drop. Some of the listing that show the price drop -

22047 Clearcreek ct Cupertino dropped price by $100k from $3.1mill to $3mill

10341 Stokes Ave, Cupertino dropped price by $200k from $2.9mill to $2.7mill

1509 Harrison ct, Sunnyvale dropped listing price by $500k to $2.99mill from $3.49mill. Sold for $2.97mill.

20323 Bollinger rd, Cupertino dropped listing price by $300k to $2.68mill from $2.98mill

7545 Dumas dr, Cupertino dropped listing price by $110k to $2.69mill from $2.8mill. Sold for $2.58mill.

21847 Shattuck dr Cupertino dropped listing price by $200k to $2.95mill from $3.15mill

10171 Amelia ct, Cupertino dropped listing price by $100k to $3.2mill from $3.3mill

19721 Bixby dr, Cupertino selling price was $169k less than listing price at $2.5mill.

10574 Sterling blvd Cupertino dropped listing price by $100k to $1.89mill from $1.99mill