Facebook, Amazon, Netflix, Google account for 90% of Market Cap Gains Since December 2014
Both companies reported tonight.
Amazon is down 5% (down $42 from $818 to $775) in after hours trading on a substantial earnings miss: Amazon Reports 52 Cents per Share, vs. Expected EPS of 78 Cents.
Yahoo Finance reported trailing 12-months Amazon’s P/E at 654. That is before today’s report. Lovely.
Mike “Mish” Shedlock