Nestle, Nvidia, and the Changing Global Equity Markets

Morningstar indexes reveal the extent of U.S. technology dominance.

Feb 1, 2021

Mentioned: Tesla Inc (TSLA) , Facebook Inc (FB) , Alibaba Group Holding Ltd (BABA) , Amazon.com Inc (AMZN) , Apple Inc (AAPL) , Johnson & Johnson (JNJ) , NVIDIA Corp (NVDA) , JPMorgan Chase & Co (JPM) , Berkshire Hathaway Inc (BRK.B) , Nestle SA (NSRGY)

The story of global equity markets over the past 10-plus years can be encapsulated by two big-name stocks: Nestle and Nvidia.

The former is the well-known Swiss food and beverage manufacturer that employs nearly 300,000. Nestle (NSRGY) has a forward dividend yield of roughly 2.4%, has grown earnings at about a 5.0% rate, and is trading at a reasonable but healthy trailing price/earnings ratio of around 22.

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Dan Lefkovitz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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