It's Not Just 5 Stocks

May 7, 2023

There's an ugly rumor going around that it's only a handful of stocks holding up this market.

The people telling you that are lying to you.

Here is our Hall of Famers list which consist of the largest stocks in the United States.

All the ones on this list are less than 5% from new 52-week highs:

These are the largest, most important stocks in America.

And more and more of them keep going up in price.

Check out all the details here along with our favorite trade ideas.

If you only looked at the S&P500, you wouldn't notice just how strong stocks have been.

Even with a 7% 4th quarter in 2022 and another 7% return in Q1 this year for the S&P500, many investors still think this is a bear market.

You don't get back-to-back quarterly gains in bear markets, yet alone 3x the average quarterly return on consecutive quarters.

You can see the S&P500 here essentially flat over the past year:

And even through I do think the S&P500 resolves higher and goes on to make new 52-week highs soon, the S&P500 is NOT the stock market.

It's a big world out there.

It's not the bull market's fault that your country is underperforming....

Developed Markets outside of North America continue to make new 52-week highs.

These are uptrends.

Just looking at the NYSE stocks this year,

819 stocks are up 10% for the year.

531 stocks on the NYSE are up 15% in 2023.

379 stocks are up 20%.

196 are already up 30% this year.

128 are up 40%.

79 are up 50%.

36 stocks are up 75%.

And 10 stocks have already doubled this year.

These are all NYSE listed equities.

Quality companies!

It's not just 5 stocks.

It's broad participation.

Just do the math.

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