MegaCap-8 Continue To Impress

Through Friday’s close, the S&P 500 price index is up 4.0% ytd to a record high. The MegaCap-8 collectively has outperformed with a gain of 7.6%, also a record high (chart). Without the MegaCap-8 stocks, the S&P 500 would be up 2.5% ytd.

The MegaCap-8 now accounts for a record-high 28.3% of the S&P 500’s market capitalization (chart). They currently account for 18.5% of S&P 500 forward earnings and 10.8% of its forward revenues.