Sky-High Faang Stocks Were Never Anything But Screaming Bargains
-- What explains the bull market’s ability to power on despite valuations that eclipse anything other than the dot-com bubble?Everything from passive investing to buybacks is trotted out to explain it, but the real reason is the uncanny predictability of corporate America’s earnings machine.Patience is being rewarded like at no other time. Thanks to a climb in profits that is as steady as it is steep, valuations that once made noses bleed turn out to be very reasonable when measured against inc
$Apple(AAPL)$Warren Buffett's Apple stake has soared in value to a record $139 billion. It would be worth $158 billion if the investor hadn't sold any shares.
DiDi (DIDI +6.9%) shares climbed more than 7% in the wake of the company saying over the weekend that the Beijing city government wasn't looking at buying a stake in what is often called "The Uber of China". Reports that the city of Beijing wanted to acquire a piece of DiDi (DIDI) surfaced last week, but the company said there was no basis for such reports, and that it was working with Chinese officials who are conducting a cybersecurity of its operations.With that, look forward to have the share price continue to rise....