Their market valuation is skyrocketing because people can see they are succeeding.
Apple's revenue is $59 billion a quarter.
China's biggest tech company, Tencent, makes $16 billion a quarter.
People need to let go of the idea that somehow acknowledging the reality of US strength in economics is "trolling" or "anti-China". It doesn't help a weak fighter to have him convinced he can beat a stronger fighter. If you are truly on the side of the weak fighter, you will want him to know he is weak. It's pro-China to advocate China acknowledges reality and makes policy accordingly.
Please brush up on your understanding on economics and in particular the workings of stock market.
The market is a reflection of the FUTURE expectation of returns, not of the past performance of companies.
So in theory, if a particular stock is up, it is on the expectation of future outcome. Past performance only counts if the profits generated is reinvested in a worthwhile project. If profits just goes to pay investors, then it won't generate future profits.
Revenues you sited is it profits? There's a big differences between net profits and revenue (gross profits).
Also, at the moment, all the economic indicators are there's going to be a lot of pain in the future for the USA economy. The repayment of the national debts is going to 'taxed' future tax payers for many years to come which will dampen the spending powers in the consumers pockets which should leads to less discretionary spending in the future.
Here's an article regarding potential bubbles.
Please please critically analyse this before claiming everything is fine and dandy with the US economy.
Here's the headline:
The Fed is 'blowing a bubble' in stocks that usually 'ends in tears for investors' as market looks up to 10% overvalued, Wall Street firm says
Matthew Fox
Aug. 12, 2020, 09:48 AM
trader screen chart nyse
Reuters / Andrew Kelly
The lasting economic damage caused by the COVID-19 pandemic isn't being reflected in the stock market, according to a note published by Stifel.
Liquidity and low real yields have been the primary drivers of the S&P 500's more than 50% rally from the March 23 bottom, and the Fed is "once again blowing a bubble" that "usually ends in tears for investors," Stifel said.
The research firm said it believes the S&P 500 is currently 5% to 10% overvalued heading into the fall due to prolonged risks to jobs and growth, according to the note.
But if the equity risk premium continues to fall to 3% by the end of 2021, driven by falling interest rates, expect the S&P 500 to trade at 3,700, representing upside potential of 11% from Tuesday's close, said Stifel.
Rest of the article:
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