Top 5 Stocks Propelling S&P 500 ETFs in Current Year

The stock market has witnessed a commendable rally that's been widely spread across the diverse sectors, reflecting the robust nature of the current economic recovery. Within this upbeat context, specific stocks have emerged as notable outperformers, driving the momentum of S&P 500 Exchange-Traded Funds (ETFs). This article spotlights five such stocks from an array of industries that have seen their valuations either double or nearly double to-date.

Meta Platforms, Inc. META

META, the tech giant known for its social media and communication platforms, has had a significant impact on the S&P 500's surge. Offering a hub for connectivity through various devices including mobile, PCs, and increasingly, immersive virtual reality headsets, META is headquartered in Menlo Park, California. Its broad portfolio of products has solidified its status as a staple in technology growth portfolios.

Nvidia Corporation NVDA

The heavyweight in the graphics processing domain, NVDA, has made its mark as both a gaming and professional GPU provider. It also ventures into the SoC arena for mobile and automotive industries. NVDA's innovative technology and market presence, incorporated in Delaware with headquarters in Santa Clara, California, underscores its contributions to the ETF's advancements this year.

Royal Caribbean Group RCL

In the travel and leisure sector, RCL stands out. Formerly Royal Caribbean Cruises Ltd., this Miami-based cruise operator has pivoted effectively amidst the travel industry's upheaval, attributing to its substantial stock gains and its influence on the ETF's performance.

PulteGroup, Inc. PHM

Representing the home construction sector, PHM, based in Atlanta, Georgia, has demonstrated robust growth. A testament to the resilience of the residential real estate market, PHM's stock rise has been another pillar supporting the broad-based ascent of S&P 500 ETFs.

META, NVDA, RCL, PHM