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7 Companies Are Dominating the Stock Market

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Analysts Notebook wrote a column · Jun 9, 2023 05:38
The US stock market appears to be in or on the verge of entering a bull market, but this is one of the skinniest bulls ever, with a mere seven companies (and a total of eight stocks) accounting for more than the entire 9.65% total return (including price gains and reinvested dividends) that the S&P 500 SPX had for the first five months of the year. That’s an annualized return of more than 23%.
But without the Select Seven, the S&P is down slightly for the first five months.
As shown in the table below, those seven companies represent an astounding 98% of this year’s return for the entire 3,480-company U.S. stock market, as measured by the FT Wilshire 5000 Index.
7 Companies Are Dominating the Stock Market
The FT Wilshire 5000 index reflects the performance of all listed companies in the US stock market, making it larger and more comprehensive than the S&P 500 index.
After the share price has risen, many institutions have updated their ratings on these companies.
APPLE
source: Bloomberg
source: Bloomberg
Microsoft
7 Companies Are Dominating the Stock Market
Nvidia
7 Companies Are Dominating the Stock Market
Alphabet
7 Companies Are Dominating the Stock Market
Amazon
7 Companies Are Dominating the Stock Market
Meta
7 Companies Are Dominating the Stock Market
Tesla
7 Companies Are Dominating the Stock Market
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