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Motley Fool Hidden Gems Investing

The Big Three Drive All-Time Highs

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 6 June 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

If you own an S&P 500 index fund then about 20% of your money is in Microsoft, Nvidia, and Apple. (00:21) Asit Sharma and Ricky Mulvey discuss why big tech is driving the market, earnings from Lululemon, and mindset advice for new investors. Plus, (17:05) Mary Long interviews Tom Steyer, author of “Cheaper, Faster, Better: How We’ll Win the Climate War” about advancements in green tech. Companies discussed: AAPL, NVDA, MSFT, LULU, CAVA, CRM Host: Ricky Mulvey Guests: Asit Sharma, Mary Long, Tom Steyer Engineers: Dan Boyd, Tim Sparks Public.com disclosure: A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at public.com/disclosures/high-yield-account Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Yet another all-time high, you're listening to Motley Fool Money. I'm Ricky mallby joined today by Osset Sharma

0:23.7

Osset good day to you sir.

0:25.8

Ricky Mulvey good day to you sir.

0:28.7

I am starting this show from a place of small of anxiety, honestly.

0:33.3

And that is because, and maybe it's a bad thing.

0:35.4

When the socks go up, I get a little more anxious.

0:37.4

And yesterday, the S&P 500 hit another all-time high.

0:42.2

This is a long, a long story, but tech giants have been driving the market.

0:46.3

Folks are feeling pretty flush right now. If you own an S&P index fund, though,

0:50.8

20% of your holdings are in just three companies,

0:54.5

Invidia, Apple, and Microsoft.

0:57.3

Osset, that is a lot of savings tied up in just three firms.

1:02.1

What if you're not paying attention to the markets, you're feeling

1:05.0

flush as you point out, and you happen to look at your holdings and make the

1:09.6

realization that Ricky just pointed out everyone.

1:13.0

Wow, there's a bigger part of your wealth that might be tied up in just a few companies

1:18.0

than you might be comfortable with.

1:20.0

The big move as we look at the rankings of the largest companies is that

1:24.9

NVIDIA has now surpassed Apple is the second most valuable company in the world.

1:30.4

I'm gonna give you a take I'm gonna give you a take from Twitter that I thought was pretty good and I'm going to bounce it off you.

1:34.8

It's from Sam Lesson, he's a former VP of product at Facebook. He's now a partner at a venture fund

1:41.6

called Slow Ventures. He posted this on X, quote.

...

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