bullish
The S&P 500 Report: Performance, Profitability, Valuation & Key Metrics - Ed #2
SUMMARY
- 1st chart shows us the 2023 % returns & the holdings weightings while the 2nd table is a return attribution analysis which tells us exactly that 10.25% (1025 b.p basis points) are due to just 7 stocks, the M7 (Magnificent Seven) tech stocks: Apple, Microsoft, Nvidia, Amazon, Tesla, Meta/Facebook & Google/Alphabet. Let that sink in!
- The laggard are the following top 7 stocks: their weight is small in the index, but note the individual returns which are materially negative in 2023
- To continues smoothly here, the S&P 500 with the stocks above their 52-week lows & below their 52-week highs: tech, AI, semiconductors and consumer discretionary are leading and hot, while energy, cruises & travel cooled off in the last year
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