The stocks, Amazon, Apple AAPL , Facebook, Alphabet and Microsoft approximate 25% of the market’s capitalization. Price-earnings ratios can’t define Amazon, Facebook and Alphabet today. You’re supposed to be aggressive when the market sells at book value, not two-times book, where we rest today. The stock market was to begin a multiyear run, particularly in tech houses. Sosnoff and/or his managed accounts own Halliburton, Freeport-McMoRan, Enterprise Products Partners, Williams, Ford Motor bonds, Amazon, Facebook, Alibaba, Microsoft, FedEx, Citigroup bonds, Walt Disney and Apple.

Source: Forbes September 30, 2020 19:17 UTC