Deep losses in Amazon Inc, Apple Inc, Facebook Inc and Alphabet Inc have left the former tech favourites at their lowest earnings multiples in years, offering potential bargains to cold-blooded investors looking to buy stocks at a time of heightened fear.
Plummeting stock prices in recent months have mostly outpaced a simultaneous decline in earnings expectations, presenting potential opportunities to buy beaten down stocks. But apparent bargains could turn out to be expensive if earnings expectations take a turn for the worse next year as the United States continues its trade dispute with China.