Why stocks go up? Mega-cap Tech edition.
- It may seem simple but often the main thing that makes stocks go up is defying the fade in forecasts.
- This is true of mega-cap tech stocks.
- Despite consistent forecast for deceleration they have maintained 20-30% growth for over a decade now.
- NB solid line is actual revenue growth average for $AMZN, $AAPL, $CRM, $FB, $GOOG, $MSFT, $NFLX and the dotted lines are average sell-side forward forecasts at those points in time.