FINANCE
What are the fastes growing U.S. companies in the first half of 2024 on the stock market?
Here are the top 5 U.S. companies with the highest stock market growth in the first half of 2024.
The Fortune 500, a prestigious list that ranks the top companies in the United States based on revenue, holds significant weight in the financial world.
To determine which five U.S. companies have experienced the largest stock price gains this year, we examined the top and bottom 20 companies on the list. By comparing their stock prices on Friday, May 31, to those on Monday, January 1, we can assess which companies have seen the biggest increases in dollar value and percentage from companies at the high and low end of the revenue spectrum.
Over the first five months of 2024, the top 5 companies that have witnessed a substantial rise in their stock prices in terms of dollar amount are Costco Wholesale (+$297.40), McKesson (+$96.17), Berkshire Hathaway (+$51.94), Microsoft (+$44.73), and Cigna Group (+$34.52). This significant increase in their stock prices, when viewed in terms of percentage, is led by Costco Wholesale (+58.03%), Alphabet (+24.63%), Walmart (+23.84%), Valero Energy (+20.57%), and McKesson (+20.31%).
CVS Health, UnitedHealth Group, Cardinal Health, Home Depot, and Ford Motor are the only companies whose stock prices were higher in early January than they are currently.
The Bottom 20
On the flip side, the bottom 20 companies on the Fortune 500 list present a stark contrast. While they may not generate high revenue, it’s important to note that many of these companies are significantly smaller than their top-ranked counterparts. The top 20 companies boast an average of 328,899 employees, a figure that drops to 12,533 for this group.
Among the bottom 20 companies, we see a different picture. Despite their lower revenue generation, these companies have also experienced stock price gains. In terms of dollar value, the companies that have seen the most significant rise in their stock prices this year are Watsco (+$55.34), Vulcan Materials (+$32.17), KKR (+$21.53), Skechers U.S.A. (+$9.29), and Bath & Body Works (+$7.19). As for percent increases, the top five spots go to KKR (+26.48%), SVB Financial Group (+25.00%), Bath & Body Works (+16.07%), Skechers U.S.A. (+14.95%), and Vulcan Materials (+14.39%).