This chart is quite alarming. Historically, the S&P 500 and FCF (Free Cash Flow) have been highly correlated. However, currently, the projected cash flows of the five major giants are estimated to plummet dramatically.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.