Mega-cap tech EPS growth premium is expected to narrow
$Microsoft(MSFT)$ $NVIDIA Corp(NVDA)$ $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ are forecast to deliver a whopping 37% EPS growth in 2024, significantly outpacing the $S&P 500(.SPX)$ median of 6%.
The impressive growth disparity between mega-cap tech and the broader market is expected to narrow in the coming years.
By the way, SPX and $Invesco QQQ(QQQ)$ daily charts were shared after the close.
And the weekly for $NASDAQ 100(NDX)$ was shared with the S/R Levels.
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I would have changed AMZN for $Alphabet(GOOG)$ $Alphabet(GOOGL)$ , but this is Goldman, I guess they know more.
Anyway, this week AMZN moved in a constructive way
https://x.com/SmartReversals/status/1804318943924093345
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