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May 07 2024

Additional Factors

  • May 7, 2024

One of the few bright spots for the index in April was Google’s post-earnings jump. The firm held on to most of those gains and ended the month with an 8% advance. This outstanding relative performance catapulted the company back into the 4% Club for the third time in its history. This also marks the first time that four companies have simultaneously shoehorned their way into the 4% Club.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager