The benchmark S&P 500 is up about 14% this year after hitting a fresh record in the past week, as did the tech-heavy Nasdaq. The benchmark S&P index, heavily weighted toward technology stocks, is up 1.8% this month, but the average S&P stock has lagged. The equal-weighted S&P 500 is up just 0.3% in June, which some investors view as a sign of waning confidence in the broader market. S&P 500 earnings are expected to rise by about 37% this year and almost 12% next year, according to Refinitiv IBES. If you are not in the few stocks that are doing well, you may be doing much worse than the benchmark index,” Lerner said.

Source: The Star June 27, 2021 05:48 UTC