TECH - Jim Cramer Prefers Caution Despite Impressive Returns From 'The Enormous Eight' Led By Nvidia Meta: 'Each One Set Up Like Bowling Pins' | Benzinga
Mega-cap stocks have been going through volatility amid the market weakness seen in the past three months.
What Happened: Charlie Bilello, chief market strategist of Creative Planning Investor, shared a post on X, regarding the total 2023 returns from eight mega-caps, which he labeled “The Enormous Eight.”
The pack included Apple, Inc. (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Amazon, Inc. (NASDAQ:AMZN), Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Netflix, Inc. (NASDAQ:NFLX), Nvidia Corp. (NASDAQ:NVDA), Tesla, Inc. (NASDAQ:TSLA) and Meta Platforms, Inc. (NASDAQ:META).
These stocks individually generated either triple- or double-digit returns compared to the Invesco S&P 500 Equal Weight ...