Stocks

S&P 500 ETF's Resilient Stocks Amid 2023's Rocky Start

Published January 9, 2024

The S&P 500 witnessed its most turbulent commencement of a year since 2016, as the initial months of 2023 undid the vigorous rally from the tail end of the previous year. Despite widespread losses within the index, a selection of stocks within the S&P 500 ETF managed to defy the downward trend.

Apple Inc. AAPL Stands Strong

Apple Inc. AAPL, the colossal tech enterprise recognized for its consumer electronics and digital services, maintained its stature as a robust contender amidst the market's volatility. Not only does Apple boast an impressive revenue stream, but it also enjoys the status of being the most valuable company globally, a testament to its enduring appeal and market dominance.

Everest Group EG Climbs Above the Fray

Despite the rough market conditions, Everest Group EG, the company offering reinsurance and insurance products internationally, sustained its ground. The Bermuda-based company remains a vital player in the global insurance landscape.

Sysco Corporation SYY Delivers Performance

Sysco Corporation SYY, with its extensive network in food distribution and supplies, proved resilient in the face of adversity. The Houston-based corp provides an essential service, testifying its necessity transcends market fluctuations.

International Paper Company IP Holds Firm

The International Paper Company IP, the largest paper company worldwide and headquartered in Memphis, navigated the economic headwinds proficiently. Its place in the industry highlights the company's inherent strength and strategic positioning.

Cardinal Health CAH Prescribes Resilience

Cardinal Health CAH, a heavyweight in the health care services sector, illustrated its resilience against economic upheavals. The multinational's adaptability and critical role in healthcare fortifies its standing in the ETF.

Investment, ETF, Stocks