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Chart of the Day: Mega-Cap Tech for the Win

Crews Bank & Trust Wealth Management Services Sep 27, 2023
chart shows the return of major performing tech companies and S&P 500 for 2023 so far

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Today’s Chart of the Day shared by @KobeissiLetter on X, formerly known as Twitter, shows that seven companies, often called “The Magnificent Seven” consisting of Facebook, Amazon, Apple, Microsoft, Google, Tesla, and Nvidia, have provided a 54% year-to-date return, while the remaining 493 of the S&P 500 have only generated 4%. Another way to look at it is that seven stocks produced 60% of the year-to-date return of 15% for the S&P 500. The odd thing is that even with these fantastic returns, all are down from their record high prices at the start of 2022. For instance, Amazon is down 33%, Tesla is down 40%, and Apple is down 13% from their previous record high prices. 
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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