Last week was always set up to be a significant investment week, even without the war going on in Ukraine. Throughout the week over 400 of the largest companies on the planet all reported their financial results for the first 3 months of the year. Once again the focus was on the US. Alphabet (parent of Google), Amazon, Apple, Meta (formerly Facebook) and Microsoft all reported last week. Together with Netflix (that had disastrous results published last week) – They are more or less known as FAANG+ and account for around 25% of all the value of the S&P 500. We have Alphabet, Amazon, Apple & Microsoft in our portfolios as do pretty much every US investor.
Continue reading “An Important Week”Apple has grown to be larger than all the companies in the FTSE 100 index put together. In fact it is larger than every European Share Index.