Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Markets Wall Street

Seven stocks are outperforming the stock market (Michael M. Santiago/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Apr 11, 2023

Seven Stocks Driving the Market 

Major tech stocks are rallying, carrying the S&P 500 Index to notable gains, but it is coming at the cost of an unhealthy overall stock market. 

Key Details

  • The stock market has faced economic uncertainty and stress this year, reflected by two significant rallies for the S&P 500 Index in early February and late March. 
  • Seven stocks have concentrated the core of the most recent rally—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla—collectively gaining $2.1 trillion in growth as of Thursday, 88% of the S&P 500’s gains, Forbes reports. 
  • One LPL Financial strategist, Jeffrey Buchbinder, warns that this is a negative sign for the rest of the stocks on the S&P 500’s indexes, warning clients that hope for valuation recovery is limited when only a handful of stocks are performing well. 
  • The remainder of the market may well bottom out in the coming months, warns one Morgan Stanley analyst. 
  • These seven stocks reflect 29% of the S&P 500’s total value, as opposed to 25.6% at the end of last year.

Why Its News 

High inflation, high interest rates, recession fears, and multiple bank crises in March have resulted in a stressed economy, with the tech sector signaling negative indicators for the economy through its mass layoffs from November to February. This came at the end of a poor-performing year for tech, with Nasdaq Composite Index declining 33% and companies announcing significant losses. 

The tech layoffs have had a positive impact on the valuation of major companies. As we previously reported, tech stocks have seen notable gains in the past four months. Companies like Meta took advantage of the rally to buy back stocks, drawing the ire of President Joe Biden. 

Apple has seen the biggest market capitalization, with a growth of $549 billion, while the other six companies have seen 20% year-to-date increases, Forbes notes.  

Home / News / Seven Stocks Driving the Market 
Share
FacebookTweetEmailLinkedIn

Related Stories

A Strategic Push To Manufacture In the U.S.

by Hannah Bryan Leaders Staff
Productivity

30 minutes ago

manufacturing

After pandemic-related issues in China, manufacturers are looking for alternative locations to produce their products—and some are looking at the U.S.

Key Details

  • China has long been the world’s factory, but a new push for “re-shoring” is encouraging manufacturers to move their facilities closer to their customers—and out of China. 
  • At the same time, China is slipping in prominence as a manufacturer, and the war between Russia and Ukraine continues to affect supply chains, CNBC reports.
  • Domestic manufacturing, or at minimum multiple resource options, is one answer to concerns about losing access to supply chains. 
  • The U.S. has already promoted domestic manufacturing of electric vehicle components and semiconductor chips. 

Go deeper

FacebookTweetEmailLinkedIn

The Dramatic Rise And Fall Of SPACs

by Hannah Bryan Leaders Staff
Markets

2 hours ago

SPACs fall

After making small fortunes off failed startups through special-purpose acquisition companies (SPAC), a wave of lawsuits is threatening the businessmen and the growing industry that cut the deals. 

Key Details

  • A round of lawsuits from burned investors is coming for executives such as Chamath Palihapitiya and Alec Gores, who made small fortunes from the failures of newly public companies. 
  • The pandemic saw a rise in SPACs-funded company takeovers of a litany of startups, Bloomberg reports. 
  • The lawsuits claim that SPAC executives pushed through deals that would allow them to profit from their founder shares.
  • Executives were allegedly incentivized to finalize acquisitions even if the plans created risks for shareholders, Bloomberg reports. 

Go deeper

FacebookTweetEmailLinkedIn

What’s Dragging Down Americans’ Mental Strength

by Hannah Bryan Leaders Staff
Business

5 hours ago

financial stress

Concerns about personal finances are one of the top contributors to poor mental health among U.S. adults. 

Key Details

  • With high inflation rates, rising interest rates, and general economic turmoil, it is hardly surprising that financial concerns are top of mind for many Americans. 
  • A recent study from Point found that financial burdens troubled Americans of every generation and gender.
  • Over half of all surveyed said that financial worries had negatively affected their mental health—more than a relatively low number who said climate change and social or geopolitical issues were affecting them. 
  • More than a third, about 36%, said that worries about personal finances caused them to lose sleep.
  • While all generations and genders cited financial concerns as a top issue affecting them, Gen Z and women were more likely to be negatively affected by economic concerns, Point found. 

Go deeper

FacebookTweetEmailLinkedIn
Public Policy

Jun 5, 2023

Perjury, Rubio Says Of the TikTok CEO 

by Tyler Hummel Leaders Staff
Loans and Borrowing

Jun 2, 2023

Student Loan Payments May Harm the Economy 

by Tyler Hummel Leaders Staff
Tech

Jun 2, 2023

Musk’s Starlink Secures Military Contract For Ukraine 

by Tyler Hummel Leaders Staff

Recent Articles

Personal Growth

4 hours ago

The Executive’s Secret Weapon: Morning Meditation for Increased Productivity and Focus

Learn why leaders and executives practice morning meditation for performance.

Leadership

Jun 1, 2023

Transforming Impulsive Behavior: Unleashing the Disciplined Leader Within

Impulsivity can cause financial problems, reputation damage, and legal issues.

Leadership

May 31, 2023

Self-Sacrificing and Hate Attention? You May Be an Echoist, the Opposite of a Narcissist

An echoist, the opposite of a narcissist, is selfless, but lacks boundaries and self-esteem.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x