• It's Coming...

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

CHART OF THE DAY: "New Tech" Valuation > Different This Time?

Editor's Note: This is an excerpt from today's morning strategy note to our customers written by Hedgeye CEO Keith McCullough. Click here to subscribe.

...As you can see in the Chart of the Day, the “New Tech” trades at, on average 149.5x earnings. So no worries there. As long as the products are cool, I’m sure this time will be different (until they miss a sales growth whisper).

 

Instead of debating why you shouldn’t sell some Netflix (NFLX) at 278x earnings this morning (why not just buy one of these names that has no earnings at all? #EasierToDebate), allow me to get back to doing what I do - risk managing growth.

CHART OF THE DAY: "New Tech" Valuation > Different This Time? - New Tech CoD