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Here's the list of S&P 500 companies by market cap & weighting: https://www.slickcharts.com/sp500 https://www.slickcharts.com/sp500 Going down that list, the
by nostrademons 6mo ago
Here's the list of S&P 500 companies by market cap & weighting:
https://www.slickcharts.com/sp500 https://www.slickcharts.com/sp500
Going down that list, the first 9 are all tech (the "Mag 7" plus Broadcom). The first non-tech is Berkshire Hathaway at #10, but that is financial services. The top 10 together are 38.63% of the index. Then you have Walmart at #11 and 1.57% of the index, then 2 financials (JP Morgan Chase and Visa) and a pharmaceutical (Eli Lilly). The rest of the top 30 includes 6 more tech companies (Micron, Oracle, AMD, Netflix, Palantir, and Intel) and 2 more financials (Mastercard and Bank of America).
- senordevnyc 6mo agoYour claim wasn’t that many of the biggest US companies by market cap are in finance and tech, but rather than nothing else is profitable. Do you see the difference?
- fatata123 6mo ago[dead]
- nostrademons 6mo agoHere's the list by earnings: https://www.tradingview.com/markets/stocks-usa/market-movers-highest-net-income/ https://www.tradingview.com/markets/stocks-usa/market-movers... It is even more dominated by finance and tech: the list is Alphabet, NVidia, Apple, Microsoft, Amazon, Berkshire, Meta, JP Morgan Chase, Bank of America, and then the first non finance/tech comes in at #10 with Exxon. Exxon's earnings are less than 1/4 of Alphabet's. The reason to prefer market cap over earnings is that market cap includes investors' view of the company's future earnings power, but they both tell the same story.