Yahoo Finance: "One-quarter of the stock market’s 2019 gains come from just five stocks"

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Yahoo Finance: "One-quarter of the stock market’s 2019 gains come from just five stocks"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “Roughly one-quarter of the S&P 500’s (^GSPC) 15% gain so far this year comes from five high-profile stocks: Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Facebook (FB).

That’s the assessment from Nick Colas, co-founder of DataTrek Research, who ran the numbers:

  • Microsoft: 1.3 points
  • Apple: 0.8 points
  • Amazon: 0.8 points
  • Alphabet: 0.1 points
  • Facebook: 0.8 points

That results in a grand total of 3.8 points of the S&P 500’s 15.3% gain year-to-date. Without these five stocks, the S&P 500 would be up 11.5%”….

Read the full article here on Yahoo Finance!