Subject: Bix Six companies have become cheaper
According to an analysis by UBS, the "Big Six" stocks - Apple, Amazon, Google, Meta, Microsoft and Nvidia - have become cheaper relative to the rest of the market over the past 12 months.

Because of the higher returns of the Big 6 over the past two years, “it is natural to assume that their valuations would be extended,” said Jonathan Golub, chief U.S. equity strategist at UBS, in a note.

However, their multiples have increased less than the rest of the market. “Earnings have contributed far more to the mega-cap tech stocks in 2024 than the rest of the market (38.9% vs. 5.0%), and their valuations are up less (5.8% vs. 8.6%).”

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