The S&P 500 has achieved its first five-month winning streak since 2013, adding $4 trillion in market cap. Best-performing stocks in Q1 include Super Micro, Nvidia, and Constellation Energy. Goldman Sachs notes the index's overvaluation but predicts further gains. The Magnificent Seven stocks have significantly impacted the S&P 500's performance, with their earnings outpacing the rest of the index. The average S&P 500 stock is now considered overvalued, aligning with Goldman Sachs' analysis.
The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs, per MW. The number of S&500 stocks trading at 52-week highs peaked at 118 in the first quarter, the highest in three years, per MW.
The average S&P 500 stock has joined the Magnificent Seven in overvalued territory, according to Goldman Sachs, $GS.
The Magnificent Seven stocks grew their earnings by 37% over the last year while the remaining 493 companies in the S&P 500 saw a 2% decline. By the 4th quarter of this year, this trend is expected to reverse w/ an 18% YoY increase for the 493 vs. a 15% increase for the Mag 7. https://t.co/YmxOCDbNIJ
The S&P 500 Just Had its Best First Quarter in Five Years https://t.co/rbKf23ih1E $NVDA $SCMI $DIS
'Wall Street's blue-chip S&P 500 index captured its highest share of global equity exchange traded fund flows for at least a decade last year, as the rise of the so-called Magnificent Seven reshaped benchmarks worldwide.' https://t.co/kkUqr2i7Ww https://t.co/1QUMe8vd4P
Best and worst performing NASDAQ 100 stocks from Q1 https://t.co/NycsIHSmrh
Magnificent 7 stocks now account for more than 30% of the S&P 500 $SPX, this group's highest concentration in history https://t.co/6yvpsMILot
Best and worst performing S&P 500 stocks from Q1 https://t.co/zJgUbxELbl
So far in 2024 the S&P 500 has hit 22 record highs
Good Morning Everyone! Goldman Sachs says the S&P 500 is overvalued, but fear not—more gains likely on the horizon! The PE ratio of the equal-weighted S&P 500 Index is 17x. This ranks in the 92nd percentile of observations since 1985. But analysis by the bank found that… https://t.co/YFlBaISYtf
The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs https://t.co/zdcm8fgV0W
Best performing S&P 500 stocks from Q1 🥇 Super Micro $SMCI +255.3%🟢 🥈 Nvidia $NVDA +82.5%🟢 🥉 Constellation Energy $CEG +58.1%🟢 Deckers $DECK +40.8%🟢 Micron $MU +38.1%🟢 General Electric $GE +37.5%🟢 Facebook $META +37.2%🟢 Marathon Petro $MPC +35.8%🟢 Disney $DIS +35.5%🟢… https://t.co/pgiVCl5zzu
Incredible. The S&P 500 just clocked its first five-month winning streak since 2013, adding $4 trillion in market cap. This was the only other time that the index rose from November through March during this century! https://t.co/t3bl7kllBM
Incredible. The S&P 500 just clocked its first five-month winning streak since 2013, adding $4 trillion in market cap. This was the only other time the index rose from November through March this century! https://t.co/PlcVksr5bA