Tesla On Top Since Trump’s Election Victory
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Recently, we provided a snapshot of asset class performance since Election Day using our key ETF matrix. Diving a little deeper, here is a look at the change in market cap across S&P 1500 sectors since Trump's victory on Nov. 5, 2024.
As shown, the Financials sector has thus far been the biggest beneficiary with a collective increase in market cap of $608.4 billion across all of its stocks. Technology ranks second with an increase of $434.9 billion, followed by Consumer Discretionary at $335 billion.
On the flip side, two sectors have seen a decline in market cap since Trump won. Real Estate is down very marginally at $2.3 billion, while Health Care has seen its market cap drop by a much more significant $167.9 billion.
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Provided below is a look at the individual stocks that have seen the biggest jump in market cap since Election Day. Is it any surprise that Elon Musk's Tesla (TSLA) has seen the biggest jump by far at $283 billion?
Behind Tesla is Nvidia (NVDA) and Apple (AAPL), with respective gains of $160 billion and $77 billion. However, their share prices are up less than 3%. These two names are simply so big that the smallest moves now result in massive swings in market cap. Rounding out the top five are JP Morgan (JPM), with an increase of $66 billion, and Berkshire Hathaway (BRK-B), at $58 billion.
In addition to these five big winners, other notable names on the list include the likes of Netflix (NFLX), Walmart (WMT), Disney (DIS), Blackstone (BX), Costco (COST), Charles Schwab (SCHW), and Interactive Brokers (IBKR).
Provided below is a list of the biggest winners by percentage change since Election Day. The two best performers remain the two private prison stocks -- GEO Group (GEO) and CoreCivic (CXW). Other interesting names on the list of biggest post-Election winners include United Fire (UFCS), Grocery Outlet (GO), and Hertz (HTZ).
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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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