Sunday, April 07, 2024

Next update on stocks

 

At his time S&P500 (SPY) is trading at $518 with PE close to 28. It has increased by 10% from Jan 1 2024 to Apr 2024. And from Oct 2023, it has increased by 18%. That is a nice run in 6 short months.

AAPL has been flat for almost a year, trading at $169. Main contributor to current run is NVDA. It was trading at $227 last year and in Apr 2024, it is trading at $880.It has market cap of $2.2trillion, compare that to GOOG which has market of cap of $1.9trillion.

Few interesting stocks at this point:

SBUX, PE of 20, 3% dividend, trading at $73. Profit dec 14% in recent quarter.

LULU PE of  29, trading at $355