Why the 5 Largest S&P 500 Companies Aren’t Overvalued, According to Goldman Sachs

Tech stocks have soared this year as the pandemic rapidly shifted people to remote work and school. In comparison, the S&P 500 is up just under 12% for the year. Before Sept. 2, these five stocks had an average multiple on the next two years of earnings of roughly 35 times, against 12 times for the other 495 stocks on the S&P 500, according to Goldman Sachs data.

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HEDGE accordingly