Edition 0015. 06.04.2022. Week of 05.30 - 06.05.2022
This weekly commentary examines the 10 largest companies in the S&P 500, by market capitalization, affectionately called The Generals.
Key Takeaway(s)
The group has more market cap in a downtrend than an uptrend.
The General's Market Capitalization & Trend Table
Click here for a guide to the performance table. Click the performance table to enlarge.
Source of the weights data:
Overview
Performance table sorted by the 1-week rate-of-change.
Click here for the performance table guide. Click the performance table to enlarge.
Last week 3 of 10 Generals finished higher for the week, those were AMZN, GOOGL, and GOOG. These 3 Generals outperformed SPY, as did NVDA despite closing lower.
BRK.B, JNJ, and UNH remain in uptrends, are outperforming SPY this year-to-date, despite BRK.B and UNH having had large pullbacks.
AMZN printed a 5-week closing high.
In terms of relative strength, our proprietary ranking method shows the leadership to be JNJ, UNH and then BRK.B.
The group is, on average, 24 weeks from their last 52-week highs.
Year-to-date performance chart.
Click to enlarge.
Year-to-date, despite falling for the last 10 weeks, BRK.B remains the YTD leader with a gain of 3.99%. JNJ is also positive with a gain of 3.13% this year. UNH has fallen below 0. The laggards are TSLA and NVDA.
The Charts
Note: Goog and Googl are very similar, and until there is a change, the analysis of Goog represents both charts.
Apple. Click to enlarge.
MSFT. Click to enlarge.
Alphabet. Click to enlarge.
Amazon. Click to enlarge.
Tesla. Click to enlarge.
Meta Platforms. Click to enlarge.
Nvidia. Click to enlarge.
Berkshire Hathaway. Click to enlarge.
UnitedHealth Group. Click to enlarge.
Johnson & Johnson. Click to enlarge.
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