Big Tech Is No Longer Expensive, Cyclical Stocks Are Cheap Now - Credit Suisse

seekingalpha2022-06-22

The stock market selloff has brought multiples down to just marginally above the 50-plus-year average, Credit Suisse says."At the start of the year, the 100 most expensive stocks in the S&P 500 (SP500...

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andrew123
2022-06-23
andrew123
Like
Kucing
2022-06-22
Kucing
Yes
Kiwii
2022-06-22
Kiwii
hi
blessed_1
2022-06-22
blessed_1
nice
klostany
2022-06-22
klostany
Ok
StarGalaxy
2022-06-22
StarGalaxy
Ok

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class=\"meta\">\n\n\n2022-06-22 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3850685-big-tech-is-no-longer-expensive-cyclical-stocks-are-cheap?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A1><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market selloff has brought multiples down to just marginally above the 50-plus-year average, Credit Suisse says.\"At the start of the year, the 100 most expensive stocks in the S&P 500 (SP500...</p>\n\n<a href=\"https://seekingalpha.com/news/3850685-big-tech-is-no-longer-expensive-cyclical-stocks-are-cheap?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Atrending_news%7Cline%3A1\">Source 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averag","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"大科技不再昂贵，周期股现在很便宜--瑞士信贷","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"AMZN":0.9,"GOOG":0.9,"GOOGL":0.9,"META":0.9,"NFLX":0.9,"TSLA":0.9,"XLK":0.9},"content_text":"The stock market selloff has brought multiples down to just marginally above the 50-plus-year average, Credit Suisse says.\"At the start of the year, the 100 most expensive stocks in the S&P 500 (SP500) (SPY) traded at a premium of 25.8x multiple points to the rest of the market,\" U.S. equity strategist Jonathan Golub wrote in a note Wednesday. \"Following the market’s correction, they currently trade at a 15.1x premium, in-line with long-term averages.\"Golub said Credit Suisse's TECH+ group has seen P/Es fall back to 3.9x from 7.7x in January, more towards long-term trends.TECH+ is an equal-weighted Russell 1000 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