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submitted by /u/FXgram_ [link] [comments] |
No, seriously, how much more?
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BARRON’S – You think the iPhone is expensive? Just look at Apple’s stock. Shares of Apple are trading at 31.4 times earnings expected over the next 12 months. The S&P 500 is trading at 22 times. Investors see more than just a simple earnings beat that justifies how expensive the stock has become.
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