Little bit of stocks

 Market has gone up nicely since last post. S&P 500 is trading at $436, with PE ratio at 25.

Interesting stock these days is NVDA. It is trading at $433. Looking at valuation it has price to sales ratio of 40 ! Revenue is close to $26bill and market cap is $1Trillion. Trailing PE ratio is 226 and forward PE ratio is 58.

They are the leader in AI market but is the valuation justified ? We will get some idea next week when the earnings are released.

After earnings - NVDA is trading at $470. Not too bad !

Funny, as of 2/26/2024, NVDA is trading at $790. Its PE ratio is 66, that is after stock increased by 60% in last 6 months. Price to sales ratio is fairly high at 34.

Tracking real estate again

Intrest rates have been going up for the last year. Suprisingly bay area house prices haven't dropped much. It did come down little bit but not as much as expected. In the last few months mortgage rate is as high as 6.5% to 7%. It will be intersting to see if this creates price drop in Bay area real estate as expected.

18750 Barnhart ave Cupertino dropped price by $180k to $3.8mill from $3.98mill

21725 Regnart Rd Cupertino dropped price by $98K  to $3.3mill from $3.398mill

18811 Loree ave Cupertino dropped price $800k !! to $3mill from $3.8mill

1134 Kentwood ave Cupertino sold $80k less than asking for $2.32mill, from $2.4mill

10326 Cherry tree lane Cupertino sold $300k more than asking for $3.01mill from $2.6mill