The US large-cap benchmark stock index, the S&P 500, saw another banner year for Big Tech companies in 2024. A total of 66% of stocks showed gains for the year, with 67 stocks rising by 40% or more. Here are the top 20 stocks in the S&P 500 showing the largest gains:
1. Palantir Technologies Inc. – 340.5%
2. Vistra Corp. – 257.9%
3. Nvidia Corp. – 171.2%
4. United Airlines Holdings Inc. – 135.3%
5. Axon Enterprise Inc. – 130.1%
6. Texas Pacific Land Corp. – 111.0%
7. Broadcom Inc. – 107.7%
8. Targa Resources Corp. – 105.5%
9. Howmet Aerospace Inc. – 102.1%
10. Constellation Energy Corp. – 91.4%
11. Arista Networks Inc. – 87.7%
12. GoDaddy Inc. Class A – 85.9%
13. Netflix Inc. – 83.1%
14. Deckers Outdoor Corp. – 82.3%
15. KKR & Co Inc. – 78.5%
16. Royal Caribbean Group – 78.2%
17. Tapestry Inc. – 77.5%
18. Apollo Global Management Inc. – 77.2%
19. NRG Energy Inc. – 74.5%
20. Walmart Inc. – 71.9%
Big Tech companies led the way, with Communication Services and Information Technology sectors driving the largest gains in 2024. The sector that was previously best performer in 2023, Communications Services, now has Palantir’s stock as its top performer, making it heavily weighted towards major tech companies.
Source: https://www.marketwatch.com/story/these-20-stocks-in-the-s-p-500-rose-the-most-in-2024-af73386c