FYI: In last night's Closer, we showed the biggest contributors to the S&P 500's gain so far in 2019 as well as the stocks that have weighed on the index the most. Give the S&P's 14% YTD gain, it's probably not surprising to hear that only one stock in the entire S&P 500 has weighed on the total index performance by at least 20 bps: Pfizer (PFE). On the other hand, 11 different stocks have added at least 20 bps to total index performance in 2019. We show the 10 best and worst-performing stocks this year by the overall contribution to the S&P 500's performance in the table below. As shown, mega-cap Tech like Microsoft (MSFT) and four of the five FAANG names have been the biggest contributors along with Mastercard (MA), Visa (V), and two retailers—Walmart (WMT) and Home Depot (HD).
At the industry group level, health care stocks related to Pharmaceuticals, Biotech, and Life Sciences are one of only two industry groups to weigh on S&P 500 performance this year. Energy is the other standout with a 4% decline. Software & Services is the best performer, driving a 3.3% contribution to the S&P 500's return this year. Media & Entertainment, Retail which includes Amazon (AMZN), and tech Hardware are the only other groups that have added at least 1% to the total 14.46% gain for the S&P 500 so far in 2019.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/whats-driven-the-sp-500
