The financial publication Business Insider analyzed the dynamics of the securities included in the S&P 500 and presented a rating of the most profitable stocks of the past year.
Author:
https://rb.ru/author/alipova/
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The stock market performed well in 2024, with the S&P 500 rising around 23% to record highs, continuing the strong gains seen in 2023. Shares in some companies have risen in price to record levels, up to fivefold.
This is the first time since the late 1990s that the index has posted annual returns above 20% twice in a row. The S&P 500 ended the year within 4% of its all-time high and most experts expect the gains to continue through 2025.
The 10 most profitable companies in the S&P 500 in 2024 look like this:
10. Howmet Aerospace
The American aerospace company produces components for jet engines and parts for rockets and other aerospace applications.
Market capitalization: $44.3 billion
Growth in 2024: 102.1%
9. Targa Resources
One of the largest infrastructure companies in the United States supplying natural gas and LNG.
Market capitalization: $38.9 billion
Growth in 2024: 105.5%
8. Broadcom
Market capitalization: $1.09 trillion
Growth in 2024: 107.7%
American software and semiconductor development company.
7. Texas Pacific Land
Market capitalization: $25.9 billion
Growth in 2024: 113.9%
A publicly traded property management company based in Dallas.
6. Axon Company
Manufacturer of weapons and stun guns in Arizona.
Market capitalization: $45.3 billion
Growth in 2024: 129.9%
5.United Airlines
One of the largest and oldest airlines in the United States.
Market capitalization: $31.7 billion
Growth in 2024: 135.3%
4.GE Vernova
Manufacturer of equipment for the energy industry (until April 2024 it was a division of General Electric).
Market capitalization: $91 billion
Growth in 2024: 150.6%
3.Nvidia
Developer of graphics processors and the largest supplier of microchips for AI devices in the world.
Market capitalization: $3.29 trillion
Growth by 2024: 171.2%
2.Vistra
Texas integrated retail and power generation company.
Market capitalization: $46.8 billion
Growth in 2024: 257.9%
1. Palantir
Developer of data analysis software for organizations (the company was founded in 2003 by a group of investors from PayPal, led by Peter Thiel).
Market capitalization: $171.4 billion
Growth in 2024: 340.5%
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
