Why the future for Microsoft, Amazon, Google, Apple and other pricey growth stocks isn’t so bright
It will be virtually impossible for some of the U.S. stock market’s largest companies to grow fast enough to justify their current valuations.Deluard used these extremely generous assumptions because they apply to the so-called MAGA stocks . Those four companies’ revenues have grown at a 26% annualized pace, on average, over the past 17 years, and their average current price-to-sales ratio is 6.4.Using a discount rate of 10% to calculate the present value of what these 351 companies would be wor
