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A look at the winners and losers of the S & P 500's 3,000 trip

Visa Inc. credit and debit cards are being held for a photograph in Washington, DC, USA on Monday, April 22, 2019.

Andrew Harrer | Bloomberg | Getty Images

The S & P 500 exceeds 3000. What a difference five years makes.

The S & P has grown 50% in less than five years, from 2,000 on August 26, 2014 to 3,000 on an intraday basis starting Wednesday. But the current market is radically different from that of 2014. Investors played a big role in the favorites.

The names Big Tech and FANG dominate the winners, including Amazon, Netflix, Microsoft, Facebook and Apple.

S & P: FANG the big winners

(since the 26/08/14)

  • Amazon up 488%
  • Netflix up 455%
  • Microsoft up 205%
  • Facebook up 164%
  • Apple up 100%

Semi-dominants were also dominant, with big gains from Nvidia, AMD and Broadcom.

Semiconductors (from 26/08/14)

  • Nvidia up 728%
  • AMD up 706%
  • Broadcom up 264%
  • Xilinx up 182%

But there is an even broader trend. The largest companies are growing, including those of Visa, Mastercard (fintech) and Cisco. There are some non-aberrant ones like UnitedHealth and Home Depot that have been very successful, but not a lot.

S & P winners: Big guys get bigger

(since the 26/08/14)

  • Visa up 231%
  • Mastercard up 266%
  • Cisco up 120%
  • UnitedHealth up 190%
  • Home Depot up 133%

Most consumer names are in the middle of the package.

Consumer stocks: medium

(since the 26/08/14)

  • Pfizer up 51%
  • Walmart up 50%
  • Johnson & Johnson up 40%
  • Procter & Gamble up 36%
  • Coca-Cola up 25%

With a few exceptions (J.P. Morgan and Bank of America), banks underperformed significantly.

Then there are the absolute losers. Two large groups dominate. First, energy stocks are down, which is not surprising since oil was worth $ 100 five years ago and now stands at $ 60. Retailers are the other big sector losing momentum, like Macy's and Gap.

Losers S & P

(since the 26/08/14)

What does it mean that a handful of large cap technology stocks eventually dominate the market?

Howard Silverblatt, who follows the ups and downs of the S & P 500 Index for decades at S & P Global, says growth is turning into growth: find, so everyone pays for growth wherever she can find it. "

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