Even as analysts have trimmed expectations for all three companies’ quarterly earnings, which they’ll report this week, their stocks are climbing. Investors are betting, in part, that the COVID-19 crisis accelerates the already growing power of America’s corporate colossuses. The difference in investor expectations for large and small companies is stark: The Nasdaq 100, an index of the largest technology companies — which also happen to be the largest companies in the country — is down 0.6% this year. The top five companies alone — Microsoft, Apple, Amazon, Alphabet and Facebook — account for 20% of the index. In 1975, the biggest 100 public companies in the country took in about 49% of the earnings of all public companies.

Source: bd News24 April 29, 2020 05:26 UTC