Magnificent 7 Basket Notches Over 200% Gain Since Biden's Election: How Did Tech Giants Perform Under Trump?

Quick Summary:

An equally weighted portfolio of Microsoft Corp.(NYSE:MSFT), Apple Inc.(NASDAQ:AAPL), NVIDIA Corp.(NASDAQ:NVDA), Alphabet Inc.(NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc.(NASDAQ:AMZN), Meta Platforms Inc.(NASDAQ:META), and Tesla, Inc.(NASDAQ:TSLA) has returned 213.6% over the last four years.

The Magnificent Seven, a group of top-performing tech stocks, has delivered extraordinary returns since Joe Biden was elected in early November 2020, significantly outpacing the broader stock market.

In contrast, an equivalent investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have grown by 74%, for a CAGR of just 14.8%, resulting in an end balance of about $17,400.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Benzinga US38259P5089 Tech Broad U.S. Equity ETFs GOOG Politics US88160R1014 US5949181045 Magnificent Seven GOOGL Donald Trump Equities META SPY AMZN US0378331005 Stories That Matter Top Stories NVDA US38259P7069 US67066G1040 ETFs AAPL 2024 election Markets Large Cap US0231351067 US78462F1030 MSFT Joe Biden TSLA

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-11-05 @ 20:31:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23437124

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