Motley Fool Hidden Gems Investing - The Big Three Drive All-Time Highs

Episode Date: June 6, 2024

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

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Whatever lies ahead, don't change your morning. Let your morning change you. Discover Coffee Plus on Nespresso.com. Yet another all-time high, you're listening to Motley Fool Money. I'm Ricky Mulvey, joined today by Asit Sharma. Asit, good day to you, sir. Ricky Mulvey, good day to you, sir. I am starting this show from a place of small, of anxiety, honestly. And that is because, and maybe it's a bad thing, when the stocks go up, I get a little

more anxious. And yesterday, the S&P 500 hit another all-time high. This is a long, a long story, but tech giants have been driving the market. Folks are feeling pretty flush right now. If you own an S&P index fund, though, 20% of your holdings are in just three companies, Nvidia, Apple, and Microsoft. Asit, that is a lot of savings tied up in just three firms. What if you're not paying attention to the markets, you're feeling flush, as you point out, and you happen to look at your holdings and make the realization that Ricky just pointed out,

everyone, wow, there's a bigger part of your wealth that might be tied up in just a few companies than you might be comfortable with. The big move as we look at the rankings of the