phive2015
The broader market is enjoying a strong run to start the year.
“The S&P 500 (SP500) (NYSEARCA:SPY) (IVV) (VOO) returned 7.1% YTD (including dividends), driven by higher multiples and, to a lesser extent, improving fundamentals,” the UBS equity team said. “NVDA contributed 25% of the return this year, with META, MSFT and AMZN combined accounting for an additional 28%.”
“By contrast, AAPL and TSLA detracted 10% from the market’s performance. Across size and style, Growth (+9.5%) (IWF) outperformed Value (+3.8%) (IWD) YTD, given superior fundamentals. Small underperformed Large (+1.5% vs. +7.1%) as multiples have barely budged for Russell 2000 (IWM) names this year.”
Largest S&P 500 contributors year to date:
- Nvidia (NVDA), price return 59.8%, contribution 1.8%
- Meta (META), 38.5, 0.74
- Microsoft (MSFT), 10, 0.7
- Amazon (AMZN), 16.3, 0.55
- Eli Lilly (LLY), 29.3, 0.33
- Berkshire Hathaway (BRK.B), 14.8, 0.24
- Broadcom (AVGO), 16.5, 0.2
- AMD (AMD), 30.6, 0.18
- Netflix (NFLX), 23.8, 0.12
- Merck (MRK), 16.6, 0.11
Largest S&P 500 detractors year to date:
- Apple (AAPL), -6.1, -0.41
- Tesla (TSLA), -18.8, -0.32
- Boeing (BA), -21.8, -0.08
- Intel (INTC), -14.3, -0.07
- UnitedHealth Group (UNH), -6.2, -0.07
- Adobe. (ADBE), -6.1, -0.04
- Humana (HUM) -23.5, -0.03
- Pfizer (PFE), -7.7, -0.03
- Newmont (NEM), -24.5, -0.03
- NextEra Energy (NEE), -9.1, -0.03
