Dmytro Kharkov

Eric Basmajian: Mega-cap stocks account for 20% of all U.S. corporate profits

Eric Basmajian: Mega-cap stocks account for 20% of all U.S. corporate profits
Mega-cap stocks drive U.S. corporate profits

Eric Basmajian examines how owning just five major stocks—Apple, Microsoft, Amazon, Google, and Meta—can provide exposure to as many as 70 businesses.

He observes that these mega-cap technology companies operate as large conglomerates, contributing to a situation where only ten stocks produce 20% of all U.S. corporate profits.

In earlier commentary, Basmajian explained that averaging finished and unstarted homes into a single supply metric can overlook key cost differences. He has also reported that U.S. real personal income per capita remains $3,267 below the 2009–2020 trend after fifteen months of stagnation. These observations follow his latest analysis on corporate profits and tech conglomerate exposure.

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