Market Overview
The S&P 500 is currently trading at a price-to-earnings (P/E) ratio of 27, making it one of the most expensive times in market history, second only to the dot-com boom. The Nasdaq-100 is even pricier, trading at a P/E of 34.
Stock Highlights
Netflix (NASDAQ: NFLX) has seen a significant decline, down 41% over the past year, and is currently trading at a P/E ratio of approximately 28. In the first quarter, Netflix reported a revenue increase of 16% to $12.3 billion, but guidance for future growth is set at 13.5%.
Microsoft (NASDAQ: MSFT) has also dropped about a third since its peak last October, and trades at a P/E ratio of 21. Despite worries over AI disruption, Microsoft reported an 18% revenue increase to $82.9 billion in Q3, with earnings per share of $4.27.
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