Top 10 S&P 500 Stocks by Index Weight for July 2021

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The Standard & Poor's 500 Index, oregon simply the S&P 500, is simply a market-capitalization-weighted index of 505 large-cap U.S. stocks. The scale accounts for 80% of the market value of the U.S. equities market. Because it reflects astir each of the largest stocks successful the U.S., it is often regarded arsenic synonymous with "the market" arsenic a whole. It's the closest determination is to a "default" U.S. banal index.

Because it's weighted by marketplace cap, the largest stocks person a large interaction connected some the semipermanent show and regular question of the index. The 10 biggest stocks marque up 27.7% of the index's marketplace value. This means that investors should familiarize themselves with these 10 elephantine components to recognize what drives the broader market.

Below is our analysis of the 10 largest components of the S&P 500. Weighting and marketplace capitalization are arsenic of July 31, 2021, and are courtesy of S&P Dow Jones Indices. Revenue and nett income are courtesy of YCharts and are arsenic of August 13, 2021.

1. Apple Inc. (AAPL)

  • Index Weighting: 6.2%
  • Market Cap ($B): 2,288.0
  • Revenue ($B) (4-Quarter Trailing): 347.2
  • Net Income ($B) (4-Quarter Trailing): 86.8
  • Place Change From Last Month: None

Apple is simply a large shaper of hardware and bundle products, chiefly for the user market. Its astir salient merchandise is the Apple iPhone brand, but Apple besides produces different brands including Mac computers and iPad tablets. It besides operates the Apple Music and Apple TV media organisation platforms.

2. Microsoft Corp. (MSFT)

  • Index Weighting: 5.8%
  • Market Cap ($B): 2,145.8
  • Revenue ($B) (4-Quarter Trailing): 168.1
  • Net Income ($B) (4-Quarter Trailing): 61.3
  • Place Change From Last Month: None

Microsoft is simply a machine hardware and bundle institution that makes products for some idiosyncratic and endeavor use. A large subordinate successful the tech manufacture for decades, Microsoft is champion known for its Windows operating system, the Microsoft Office suite of programs, and the Xbox crippled system. The institution besides is simply a large subordinate successful unreality computing services with its unreality platform, Azure.

3. Amazon.com, Inc. (AMZN)

  • Index Weighting: 3.8%
  • Market Cap ($B): 1,426.5
  • Revenue ($B) (4-Quarter Trailing): 443.3
  • Net Income ($B) (4-Quarter Trailing): 29.4
  • Place Change From Last Month: None

Amazon is an online retailer of each kinds of goods but has progressively diversified its business. It besides has a large cloud-computing concern known arsenic Amazon Web Services (AWS) and runs the Whole Foods concatenation of brick-and-mortar market stores. Founder and long-time CEO Jeff Bezos stepped down arsenic CEO of the institution connected July 5, 2021, to go enforcement seat of the company. He was replaced by Andrew Jassey, who antecedently served arsenic CEO of AWS.

4. Facebook, Inc. (FB)

  • Index Weighting: 2.3%
  • Market Cap ($B): 853.7
  • Revenue ($B) (4-Quarter Trailing): 104.8
  • Net Income ($B) (4-Quarter Trailing): 39.0
  • Place Change From Last Month: None

Facebook runs the largest, astir ascendant societal networking level successful the world. It besides owns photo-sharing app Instagram, messenger app WhatsApp, and virtual world instrumentality shaper Oculus. Facebook roseate successful the rankings arsenic radical spent much clip connected societal media to support successful interaction during quarantine.

5. Alphabet Inc. Class A (GOOGL)

  • Index Weighting: 2.2%
  • Market Cap ($B): 810.4
  • Revenue ($B) (4-Quarter Trailing): 220.3
  • Net Income ($B) (4-Quarter Trailing): 62.9
  • Place Change From Last Month: None

Alphabet is the genitor institution of search-engine elephantine Google. Among its different products too the Google hunt engine, Alphabet runs video-sharing tract YouTube. It's notable that the institution splits its banal into 2 main share classes. Google's C shares are nonvoting shares, meaning they bash not entitle the holder to enactment successful proxy votes. The A shares usually commercialized for somewhat much than the C shares and transportation voting rights. Each of these shares trades connected the S&P 500, and each is ample enough, by itself, to marque the apical 10 list. If the 2 stock classes were counted together, it would spot Alphabet 4th connected this database and would marque up 4.3% of the index. There are besides B shares, which person disproportionate voting rights and are lone held by Google insiders. The B shares bash not commercialized connected the unfastened market.

6. Alphabet Inc. Class C (GOOG)

  • Index Weighting: 2.1%
  • Market Cap ($B): 770.1
  • Revenue ($B) (4-Quarter Trailing): 220.3
  • Net Income ($B) (4-Quarter Trailing): 62.9
  • Place Change From Last Month: None

(See supra for institution description.)

7. Tesla, Inc. (TSLA)

  • Index Weighting: 1.4%
  • Market Cap ($B): 529.6
  • Revenue ($B) (4-Quarter Trailing): 41.9
  • Net Income ($B) (4-Quarter Trailing): 2.2
  • Place Change From Last Month: Up Two

Tesla is chiefly a shaper of electrical cars. It makes much than 90% of its gross and virtually each of its nett from its car business, but it besides sells star panels and batteries for homes and businesses. Until recently, Tesla has struggled to marque a accordant profit, thing that kept it retired of the S&P 500. The S&P 500 requires a institution to marque 4 consecutive quarters of nett according to generally accepted accounting principles (GAAP).

8. Berkshire Hathaway Inc. (BRK.B)

  • Index Weighting: 1.4%
  • Market Cap ($B): 527.5
  • Revenue ($B) (4-Quarter Trailing): 365.2
  • Net Income ($B) (4-Quarter Trailing): 105.8
  • Place Change From Last Month: Down One

Berkshire Hathaway is simply a holding institution for the assorted investments CEO Warren Buffett has made implicit the years. Among its numerous holdings are security businesses specified arsenic GEICO, ample vigor and utilities businesses, a large railroad, user brands specified arsenic crystal pick concatenation Dairy Queen, and manufacturers specified arsenic aerospace parts shaper Precision Castparts Corp. It besides owns an tremendous portfolio of equities, which is wherefore Berkshire Hathaway notably fell respective places successful the rankings. Those equities took a immense deed erstwhile stocks dropped during the archetypal quarter, perfectly crushing Berkshire's first-quarter profits and dragging down the company's stock.

9. Nvidia Corp. (NVDA)

  • Index Weighting: 1.3%
  • Market Cap ($B): 485.9
  • Revenue ($B) (4-Quarter Trailing): 19.3
  • Net Income ($B) (4-Quarter Trailing): 5.3
  • Place Change From Last Month: Newly successful Top 10

Nvidia is simply a institution that develops and manufacturers Graphics Processing Units (GPUs). GPUs are a benignant of machine spot utilized for creating machine graphics, usually for ocular plan oregon machine gaming. However GPUs are progressively successful request for different tasks specified as cryptocurrency mining and artificial quality (AI) and instrumentality learning development. Nvidia is known for its GeForce marque of user GPU's.

10. JPMorgan Chase & Co. (JPM)

  • Index Weighting: 1.2%
  • Market Cap ($B): 459.5
  • Revenue ($B) (4-Quarter Trailing): 121.1
  • Net Income ($B) (4-Quarter Trailing): 47.8
  • Place Change From Last Month: Down 2 Places

JPMorgan Chase & Co. is the largest U.S. bank. JPMorgan provides banking services to a wide scope of clients. It provides banking services specified arsenic owe lending, commercialized banking services specified arsenic concern loans, concern banking services specified arsenic enslaved underwriting, and plus and wealthiness absorption services.

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