25 companies including Uber, Amazon, GE, cruise stocks RCL and CCL, Intel, and others.
NVIDIA can be said to be getting cheaper as it rises. The current P/E ratio of NVIDIA is even lower than before the release of ChatGPT, why is it getting cheaper as it rises? Because its profits have increased sixfold.
The future 12-month valuation and stock price trend of NVIDIA:
NVIDIA's EPS and stock price trend per share:
It's not just NVIDIA that is getting cheaper as it rises, the following 25 majorly rising US stocks are also "getting cheaper as they rise".
As of last Friday, the S&P 500 index has risen by 30% in the past year (excluding dividends). FactSet analysts' consensus expectations for rolling 12-month weighted earnings per share have only increased by 10% compared to the same period last year. Therefore, as of the close on Friday, the forward P/E ratio of the index has risen from 17.6 a year ago to 20.7. This is one of the reasons some investors believe that the overall US stock market is relatively expensive.
The chart shows that in the S&P 500 index, 25 stocks have risen by at least 15% in the past year, with their consensus rolling EPS expectations rising even faster.
