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Stock impact report

Big Tech Stocks Rout Is Flashing Signals of a Turnaround [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
(Bloomberg) -- The wreckage in large technology stocks that sent the Nasdaq 100 Index into a correction is flashing signs that have marked turning points for the group in the past. Chief among the signals is how much of Big Tech's valuation premium to the rest of the market has been erased. Such a compression has historically set the sector up for outperformance. After an 11% slide from its last record in October, the tech-focused gauge now trades at 21 times projected 12-month earnings, just 1.7 points above that of the S&P 500 Index. A gap that narrow has appeared only a quarter of the time during the aftermath of the dot-com bust at the turn of the century, data compiled by Bloomberg show. The last time the index's valuation premium to the broader market was this low, the Nasdaq 100 proceeded to outperform the S&P 500 by the most in a year. Of course, the economic uncertainty created by the Iran war is threatening to render mute many trusted market signals of the past, and o Show less Read more
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