Below are the top 20 members of the SPX by weight. The top 10 make up ~20% of the entire index, while the 11-20 make up ~12%, so a combined ~32%.
-With the SPX up 12.3% ytd, it appears the rally is becoming fairly narrow, concentrated as evidence by the performance of only 10 stocks in the top 20 that have gains of more than 10%, while the other 10 are up less than 6%.
-When you look at the names that performed they were very specifically tech and financials, which is no great surprise as they were the 2 best performing sectors last qtr, but whats sticks out like a sore thumb is that energy and consumer names massively under-perform, despite the fact that many like KO, T, MRK etc are mostly within a few % from their 52 week highs. Dividend payers are acting defensive as you would expect, and I guess while they are not helping to fuel the rally to new highs, they are not likely to hold things up if the leadership fails in the coming weeks.
| Ticker | % Weight | ytd | ||||||
| in the Index | Performance | Div Yld | ||||||
| 1 | aapl | 4.58 | 55% | 4.58 | ||||
| 2 | xom | 3.17 | 1% | 2.20% | ||||
| 3 | ibm | 1.90 | 14% | 1.43% | 1.9 | |||
| 4 | msft | 1.86 | 23% | 2.50% | 1.86 | |||
| 5 | cvx | 1.66 | 1% | 3% | ||||
| 6 | ge | 1.65 | 11% | 3.41% | 1.65 | |||
| 7 | T | 1.46 | 4% | 5.60% | ||||
| 8 | pg | 1.45 | 1% | 3.12% | ||||
| 9 | wfc | 1.42 | 25% | 2.56 | 1.42 | |||
| 10 | jnj | 1.41 | 1% | 3.46% | ||||
| 11 | jpm | 1.36 | 37% | 2.64% | 1.36 | |||
| 12 | pfe | 1.33 | 4% | 3.90% | ||||
| 13 | ko | 1.31 | 5% | 2.77% | ||||
| 14 | goog | 1.28 | 0% | |||||
| 15 | pm | 1.19 | 13% | 3.48 | 1.19 | |||
| 16 | brk/b | 1.12 | 6% | |||||
| 17 | intc | 1.10 | 16% | 2.98% | 1.1 | |||
| 18 | mrk | 0.92 | 2% | 4.35% | ||||
| 19 | qcom | 0.90 | 24% | 1.47% | 0.9 | |||
| 20 | orcl | 0.90 | 14% | 0.82% | 0.9 | |||
| 31.99 | 16.86 | |||||||
