Kicking the Tires at CES 2025
Written by Senior Portfolio Manager, Michael Hakes, CFA, MBA.
Written by Senior Portfolio Manager, Michael Hakes, CFA, MBA.
We closed out 2024 with a second consecutive annual return of 25% for the benchmark S&P 500. As in 2023, size mattered, as evidenced by the 62% return for the ten largest companies in the Index. The other 490 companies, which still include some big winners like Walmart (+73%), Netflix (+88%), GE (+66%) and American Express (+40%), to name a few, rose 12% on average. The market exited the year with a P/E ratio of 21x. Read
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