Most market commentators believe that the valuation of a growth stock reflects the likely future growth rate of the company. Stocks trading at above average earnings multiples are expected to grow at above average rates.
US in 'tightening' mode
'Tech shares are very near their peak'
Tech giant hits new milestone
Increased revenues thanks to iPhone X
Follows Mobius and Hardenberg departures
Concerns rally is overextended
Tax cuts boosting earnings
Enormous gains since listing
Strong earnings in tech
AB Bernstein report