Nestle, Nvidia, and the Changing Global Equity Markets
Morningstar indexes reveal the extent of U.S. technology dominance.
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.
Dan Lefkovitz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.