Fundamentals vie with 'FOMO' as US tech boom driver [Reuters]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: Reuters
driving force have understandably raised concerns of a bubble in the making as the "fear of missing out" buying frenzy fuels a dangerous, self-perpetuating price spiral. That is partly true, but too simplistic. While "FOMO" has accelerated tech's remarkable run, plain old "fundamentals" - earnings forecasts, profit margins and valuations - are increasingly playing their part and suggest the upswing can continue into the second quarter and beyond. Even as the Nasdaq Composite (.IXIC) , opens new tab and S&P 500 (.SPX) , opens new tab indexes touch all-time highs, global financial behemoths including BlackRock, Barclays and Societe Generale are turning up their positivity on Big Tech - and by extension, U.S. stocks. Reuters Image Purchase Licensing Rights , opens new tab As the second quarter of 2024 looms, investors are already looking ahead and asking whether the 2025 earnings outlook justifies the current boom. In basic terms, it looks like it can. The I/B/E/S aggregate
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