Many believe only a few tech stocks are driving up the market, but the rally since October 27th, 2023, is widespread across various sectors and industries. IMO, this bullish trend is 100% legit.
Some stats:
|Total S&P Market Cap|$44,889,520,496,640|
|:-|:-|
|Market Cap for Negative Returns Companies|$3,465,646,695,936|
|Market Cap for Positive Returns Companies|$41,423,873,800,704|
|Percent of Positive Market Cap|92.28%|
|Percent of Negative Market Cap|7.72%|
|———————————————–|———————————————–|
|TOP 10||
|Ticker|% Returns|
|UBER|97.40480303976696|
|AMD|83.30394477593767|
|MPWR|80.89818948429479|
|NVDA|79.40247335551697|
|BLDR|75.90814456158661|
|ENPH|66.1469185943846|
|URI|65.64584235653652|
|RL|64.9608488121744|
|TPR|64.7101393338889|
|META|63.12134966408862|
|——————————————–|———————————————–|
|BOTTOM 10||
|Ticker|% Returns|
|NEM|-15.114188363225733|
|MRO|-15.42940262644965|
|BKR|-16.116059721433963|
|EQT|-17.783072583548464|
|APD|-17.816403416863714|
|PAYC|-19.12290594798197|
|CHTR|-20.930103589129704|
|APA|-22.12808580055265|
|ADM|-22.458594141378864|
|HUM|-28.657949147459014|
Here are some final notes worth keeping track of: Thursdays and Fridays have been extremely bullish for the market as a whole (SPY) since the bottom on October 27th, 2023. This might help with SPY short-term options. Good luck!
