Which 7 tech stocks command almost 90% of the S&P 500's gains? (2024)

Which 7 tech stocks command almost 90% of the S&P 500's gains?

Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen nearly 117 percent, far outpacing the performance of the other 493 companies in the S&P 500. Together, these stocks have become known as the “Magnificent Seven.”

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What are the 7 stocks holding up the S&P?

The Magnificent Seven stocks carried the markets in 2023, far outperforming most of the rest. These seven stocks — Nvidia, Microsoft, Apple, Amazon, Alphabet, Tesla, and Meta — returned an average of 111% last year, compared to a roughly 25% return for the S&P 500 and a 54% return for the Nasdaq 100.

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What are the top 7 tech stocks in the S&P 500?

Catch up fast: The Magnificent Seven are Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta.

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What are the big 7 tech stocks?

Key Facts. Apple, Microsoft, Nvidia, Tesla, Meta, Alphabet and Amazon each outgained the broader market in 2023, but it's been a mixed bag for the group over the first eight weeks of 2024 even as indexes sit at record highs.

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What stocks make up most of the S&P 500?

S&P 500 ETF Components
#CompanySymbol
1Microsoft CorpMSFT
2Apple Inc.AAPL
3Nvidia CorpNVDA
4Amazon.com IncAMZN
66 more rows

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What are the magnificent 7 stocks in 2024?

The phrase "Magnificent Seven" was coined last year to describe the seven most prominent tech companies, which include Alphabet, Amazon (NASDAQ: AMZN), Apple, Meta Platforms, Microsoft, Nvidia (NASDAQ: NVDA), and Tesla.

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Who are the 7 tech Titans?

For over a decade, the Magnificent Seven - Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, andTesla - have dominated the tech scene. But with recent market fluctuations, investors wonder: are they still golden tickets?

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How many tech stocks are in the S&P 500?

The stock market isn't what it used to be.

Combined, they make up 28.8% of the index. The Magnificent Seven dominate the U.S. stock market, but expand your view to the top 20 tech-focused companies, and they make up 35.8% of the S&P 500.

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What percentage of the S&P 500 is tech stocks?

The truer tech weighting probably is over 40% and it has been growing as tech companies have bested the overall index this year. Led by the broader technology sector, the S&P 500 is up 5% so far this year, following its 26% total return in 2023, and the index is besting smaller-cap indexes this year by a wide margin.

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What tech stock is Warren Buffett buying?

While Buffett doesn't always follow the crowd when it comes to investment choices, he does have exposure in three out of the five “FAANG” stocks (Facebook, Amazon, Apple, Netflix, and Google) through NEAM. These large-cap tech stocks are all household names.

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What is the magnificent 7 stock index?

Key Takeaways. The Magnificent Seven stocks are a group of high-performing and influential companies in the U.S. stock market: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla.

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What is the hottest technology stock?

18 Symbols
  • MSFT421.65-1.21% Microsoft Corporation.
  • AAPL169.71-1.14% Apple Inc.
  • NVDA925.61-24.41% NVIDIA Corporation.
  • GOOG151.700.55% Alphabet Inc.
  • AMZN178.30-1.41% Amazon.com, Inc.
  • META495.89-7.13% Meta Platforms, Inc.
  • TSLA177.675.04% Tesla, Inc.
  • CRM305.83-0.23% Salesforce, Inc.

Which 7 tech stocks command almost 90% of the S&P 500's gains? (2024)
What are the magic 7 companies?

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the start of 2024 has shown a big divergence of returns.

What percentage of the S&P 500 are the magnificent 7?

The key takeaway is that these stocks make up about 30% of the S&P 500's total weighting, although they make up just 1.6% of the stocks in the index.

Is the S&P 500 mostly tech stocks?

Information technology stocks currently represent the largest sector of the benchmark S&P 500 Index, comprising more than 29% of the index's value. When you add in communications services stocks, many of which connect with the technology arena, the group represents more than 38% of the S&P 500.

What are the best S&P 500 stocks to buy?

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Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
Bio-Rad Laboratories (BIO)1.17Strong Buy
Amazon.com (AMZN)1.30Strong Buy
Microsoft (MSFT)1.33Strong Buy
Delta Air Lines (DAL)1.33Strong Buy
14 more rows
Mar 14, 2024

What stock will boom in 2024?

10 Best Growth Stocks to Buy for 2024
StockExpected Change in Stock Price*
Tesla Inc. (TSLA)61%
Mastercard Inc. (MA)14.2%
Salesforce Inc. (CRM)7.2%
Advanced Micro Devices Inc. (AMD)11.3%
6 more rows
6 days ago

What is Zoom stock prediction for 2024?

Analysts' Zoom Stock Projections for 2024

StockAnalysis.com predicts a moderate rise in Zoom Video Communications' stock for 2024, with an average forecast of $80.11, signaling a 17.53% increase.

Will stocks rebound in 2024?

The S&P 500 generated an impressive 26.29% total return in 2023, rebounding from an 18.11% setback in 2022. Heading into 2024, investors are optimistic the same macroeconomic tailwinds that fueled the stock market's 2023 rally will propel the S&P 500 to new all-time highs in 2024.

What are the top 50 stocks in the S&P 500?

Sector*
  • Microsoft Corp. Symbol. MSFT. Sector* Information Technology.
  • Apple Inc. Symbol. AAPL. Sector* ...
  • Nvidia Corp. Symbol. NVDA. Sector* ...
  • Amazon.com Inc. Symbol. AMZN. Sector* ...
  • Meta Platforms, Inc. Class A. Symbol. META. ...
  • Alphabet Inc A. Symbol. GOOGL. Sector* ...
  • Berkshire Hathaway B. Symbol. BRK.B. Sector* ...
  • Alphabet Inc C. Symbol. GOOG. Sector*

Is Google a part of the S&P 500?

The top 25 companies in the S&P 500 are some of the most well-known companies in the world, a large portion of the top 10 being tech companies, such as Apple, Microsoft, and Google.

Is PayPal part of S&P 500?

PayPal's index membership is Nasdaq 100, Russell 1000, NASDAQ Composite, S&P 500 Information Technology, Russell 3000, S&P 100, S&P 500, and Investing.com United States 500.

What is the profit percentage of the S&P 500?

The (blended) net profit margin for the S&P 500 for Q4 2023 is 10.7%, which is below the previous quarter's net profit margin (12.2%), below the year-ago net profit margin (11.2%), and below the 5-year average (11.5%).

Why are tech stocks surging?

U.S. stock futures surged on Thursday after earnings from Nvidia reignited a tech rally driven by optimism over artificial intelligence. Not even signs that the Federal Reserve will be slower than once expected to cut interest rates dampened the mood.

Can you buy a percentage of S&P 500?

While S&P 500 stocks can cost thousands of dollars per share, fractional shares are an affordable way to have some skin in the game by purchasing a portion of a single share. Through its Schwab Stock Slices™ program, Charles Schwab offers fractional shares of any stock on the S&P 500.

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