Seven companies make up one-third of the S&P 500 market capitalization but represent only 12-13% of sales and 25% of profits, and they are trading at 35 times earnings while the broader market trades at 26 times earnings, despite being twice as profitable on a net margin basis as the rest of the 493 companies.
factualpending
Speaker
Chris SemperEvidence Quote
“seven companies represent a third of the S&P 500... they're 12 or 13% of sales... 25% of profits... trading for 35 times where the market's trading for 26 times.”
Source
We Asked Chris Bloomstran Why He Won’t Own the S&P 500 At These Levels — And What He Does Instead— Excess ReturnsCreated: 8/12/2026, 6:13:17 PM
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