Top 10 S&P 500 stock winners since Election Day
Published On Nov 22, 2024, 1:50 PM
Since Election Day, many S&P 500 companies have seen significant stock price increases, with the top performers gaining 18% or more. Key drivers for this surge include anticipated regulatory changes under the incoming Trump administration and strong earnings reports from several companies. Notably, Axon Enterprise and Tesla each experienced gains over 35%. The expected pro-business policies, especially in deregulation and the energy sector, coupled with particular successes attributed to growth in AI technologies, have led to these outcomes. However, experts caution against relying solely on short-term price movements for investment decisions.