President-elect Donald Trump's resounding win of the White House on Pennsylvania Ave. — is also making huge S&P 500 winners on Wall Street.
Thirteen stocks, including Tesla, Alphabet and Nvidia, collectively jumped by $1 trillion since the Nov. 5 election, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
Ironically, most of the big market value gains continue to settle upon the giant technology firms that also dominated during President Biden's past four years.
The rally fits history, though. Turns out S&P 500 stocks tend to rally when Republicans dominate.
"Contrary to popular belief that the S&P 500 recorded its best returns when Congress was in gridlock, a Red Wave historically saw the S&P 500 post its highest average calendar-year price increase for a Republican President at nearly 13%," says Sam Stovall, analyst at CFRA.
Tesla: The Big S&P 500 Election Winner
The gains for the S&P 500 are astounding. The value of the entire S&P 500 is up $1.9 trillion following the election.
But Tesla, by far, is the largest winner. The value of the electric vehicle maker jumped $307 billion since the election. That's thanks to a 38.1% gain in that time pushing it back over $1 trillion. Amazingly, nearly all the company's value gain this year came from just the past week. Tesla's RS Rating is now 95. That's lifting its Composite Rating to 88.
Tesla is presumably poised to be a big winner from the election. CEO Elon Musk campaigned heavily for Trump. Trump is promising to slap large tariffs on goods imported from China, including electric vehicles.
Big S&P 500 Techs Gain Big
The who's who of Big Tech companies in the S&P 500 are massive winners since the election, too. Google parent Alphabet rose $122.5 billion or 6.3% in the days following the election. The RS Rating of 67 is still rising as the stock regains its mojo.
And runaway AI winner Nvidia is also a massive winner. The stock jumped 3.4% following the election, adding $118 billion in market value.
Biggest S&P 500 Market Value Gainers
Since 2024 election
| Company | Ticker | Market value change since election ($ billion) |
|---|---|---|
| Tesla | TSLA | $307.2 |
| Alphabet | GOOGL | $122.5 |
| Nvidia | NVDA | $118.0 |
| Amazon.com | AMZN | $71.0 |
| Microsoft | MSFT | $58.8 |
| UnitedHealth Group | UNH | $54.5 |
| JPMorgan Chase | JPM | $51.9 |
| Berkshire Hathaway | BRKA | $50.5 |
| Oracle | ORCL | $45.2 |
| Salesforce | CRM | $40.9 |
| Bank of America | BAC | $33.2 |
| Visa | V | $32.3 |
| Meta Platforms | META | $30.3 |
Sources: IBD, S&P Global Market Intelligence
Biggest S&P 500 Percentage Gains
Since 2024 election
| Company | Ticker | % ch. election |
|---|---|---|
| Axon Enterprise | AXON | 39.8% |
| Tesla | TSLA | 38.1% |
| EPAM Systems | EPAM | 27.2% |
| Fortinet | FTNT | 23.5% |
| Trimble | TRMB | 19.3% |
| Discover Financial Services | DFS | 18.6% |
| Palantir Technologies | PLTR | 18.3% |
| Vistra | VST | 17.8% |
| McKesson | MCK | 17.5% |
| Charles River Laboratories | CRL | 17.0% |
