Recurring ,reliable revenues especially in large cap tech and payment processing (such as Visa, PayPal, MasterCard) is the main driver of the stock market and is why the market has done so well even though the economy feels weak otherwise and there is unrest. If companies can keep generating profit margins of 10-30%/a year, that is $ that must go to shareholders in the form of buybacks, dividends, or share price appreciation. This is what a lot of people get wrong about the stock market. Big companies, in tech, especial, are more profitable and dominant than ever. Never before have such companies generated so much cash.