Stock Market Ends Week With Software Sell-Off; Nasdaq Dives 2%, Gives Up 200-Day Line

Impact · against what's priced in

The broad software sell-off and breach of the Nasdaq 200-day moving average create a systemic headwind for growth multiples, but they do not alter the fundamental drivers for the specific companies mentioned. Resilience in LLY, AAPL, and KO is largely consistent with their current defensive or dominant market positions already reflected in their prices.

KO+0.00

Already priced in

The price assumes

Defensive premium valuation holding at 26.5 times earnings