Within the S&P 500 index, beyond the Magnificent Seven, there are 42 companies that represent the same amount of market capitalization and that generate even more profits than these.
The technology giants took center stage in equities last year. Much of the gains on Wall Street were centered on Apple, Microsoft, Amazon, Nvidia, Tesla, Google and Meta. However, the Artificial intelligence managed to determine which sector is on the rise.
If analyzed the S&P 500 index beyond the Magnificent Seven, The sales and profitability of the next $12 trillion of market capitalization are represented by 42 companies. These comprise a broad set of sectors ranging from technology, healthcare to financial and consumer companies.
The 20 most profitable stocks selected by advanced Artificial Intelligence (AI) and prepared to outperform the S&P 500. They include companies like Berkshire Hathaway, Broadcom, JP Morgan, United Health Group, and Eli Lily.
Strong growth of the S&P 500 towards the end of the year
The good performance that the US stock market has been recording will continue for the remainder of the year and The S&P 500 will close the year at 5,500 points.
It is the forecast of the strategists of Deutsche Bank, which in its latest global outlook report dedicates a special section to equities, focusing on what investors can expect from Wall Street in the coming months. Of course, they warn that there are still risks on the horizon.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
