Apple leads Magnificent 7 stocks in S&P 500 performance, Phil Rosen notes

Apple leads Magnificent 7 stocks in S&P 500 performance, Phil Rosen notes
Apple tops Magnificent 7 for S&P 500 gains

Apple is the only Magnificent 7 stock that has outperformed the S&P 500 so far in 2024, rising 24% year to date and spending the least on capex among its peers.

Phil Rosen shared this comparison between Apple's year-to-date performance and capex spending.

Phil Rosen has previously documented significant gains in the S&P 500, noting a 118% rise over four years, one of the strongest runs in recent decades here. He has also shown that a $10,000 S&P 500 investment in 2005 could reach $54,839 by 2025 if key days were held here. These figures provide context for Apple’s 2024 outperformance.

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