June 24, 2024 Investor Insights

Not Nvidia

June 24, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.

Nvidia has accounted for 44% of the S&P 500 gains since early 2022. Yet, not all stocks are performing as well. The average S&P 500 stock is about where it was at the start of 2022, with more than half of stocks down since then. *1

There appears to be a correlation between innovation and income. The top ten urban areas for U.S. patent filings saw the average nominal income in their regions grow by 36% since 2015, compared to just 25% for the entire country. 2

The Consumer Financial Protection Bureau (CFPB) has proposed removing medical bills from credit reports starting next year. This change is expected to improve the credit scores of 15 million Americans and lead to 22,000 additional mortgage approvals annually. 2

Traditionally seen in mature industries, dividends are now popular among growing tech giants. Meta, Alphabet, and Salesforce all introduced dividends in early 2024. Additionally, tech companies were responsible for 14.1% of all S&P 500 cash dividends last year. 3

Sources:

WSJ - "Nvidia's Success Is the Stock Market's Problem"
MFS - "Beyond the News"
Capital Group - "Long-term Perspective on Markets and Economies"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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