The 10 largest companies in the S&P 500 now make up 34% of the index with an average P/E ratio of 50x
This is the highest percentage since 2001 during the Dot-com bubble. Even in the 2008 bubble, this percentage peaked at ~26%. These same 10 companies have accounted for ~80% of the Nasdaq's entire rally this year. Markets are increasingly held up by a few stocks, particularly in the technology sector. Source: The Kobeissi Letter, Apollo
Apple annual revenue from Greater China
Source: Genuine Impact
If analysts are correct, $NVDA will generate more revenue & EBIT over the upcoming three (3) years than in ALL its previous 25 years COMBINED.
Source: Quartr
The king of pricing power...
How Apple’s $AAPL iPhone pricing evolved over time (higher and across more price points), and versus Android (lower) by Eugene Ng
The e-commerce market is a winner-takes-almost-all industry in each country, with Amazon being the leader in terms of e-commerce revenue
JD follows Amazon in second place, generating significantly less e-commerce revenue. Source: Genuine Impact
The $VIX ended the day at 12.82, its lowest close since January 2020
Source: Charlie Bilello
Arm Holdings jumps 25% from IPO price in trading debut
Hotly-anticipated IPO was 12-times oversubscribed w/the top 10 clients taking half of the 95.5 million ADRs at $51 each, the top of a marketed range. Source: HolgerZ, Bloomberg
Nvidia Insider Trading Alert 🚨
Nvidia CEO Jensen Huang dumped another $27 million worth of $NVDA shares. He has now sold almost $100 million worth of shares over the last week. Source: Barchart
