One of the most popular images making the rounds on Financial Twitter this week comes courtesy of Ritholtz Wealth Management Director of Research Michael Batnick.
The long and short of it is, as of July 18, the top five companies in the S&P 500 had a combined market value of $4.095 trillion. That is slightly ahead of the combined market capitalization of $4.092 trillion for the bottom 282 S&P 500 components.
The market cap of the top 5 S&P 500 companies:
The market cap of the bottom 282 S&P 500 companies:
— Michael Batnick (@michaelbatnick) July 18, 2018
What To Know
The top five members of the S&P 500 are, in order, Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Facebook Inc. (NASDAQ: FB) and Berkshire Hathaway Inc. (NYSE: BRK-A). Those stocks combine for 14.12 percent of the S&P 500’s weight as of July 19.
Just over 14 percent spread across isn’t a…