Sat, Jul 10, 2021 2:31 PM
This week Ola and Pine Labs led the funding charts with their mega rounds
A Flip by Flipitnews
One of Warren Buffett's best investments was in Coca-Cola. He bought around $1 billion in shares back in 1988, or 6.2% of the company. This occurred after the market crash of 1987 and gave Buffett a buying opportunity at a cheap price-to-earnings ratio (P/E). It was also right before Coca-Cola rapidly expanded internationally. By 1998, the company's stock was up over 10x for Buffett.
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With the S&P 500 index up 17% in 2024 and now trading at a historically lofty price-to-earnings (P/E) ratio of 27, it may seem reasonable to think there aren't many attractively priced securities remaining on the market. However, the "Magnificent Seven" accounts for nearly one-third of the index's allocation, and these stocks have an average P/E of 39.
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Oracle shares surged nearly 9% in extended trading on Monday after the enterprise software company posted better-than-expected fiscal first-quarter results and announced a multicloud partnership with Amazon. Bulls defended a retest of a prior trading range in early August before driving a rally of more than 11% from last month’s low ahead of the company’s quarterly results.
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