- Facebook, Apple, Amazon, Netflix, Google – commonly known as FAANG stocks – reported quarterly earnings in October, as did Microsoft.
- The six mega-cap tech giants make up roughly 18% of the S&P 500's market capitalization, according to Yardeni Research.
- These stocks deserve credit for the record S&P 500 high in October, Yardeni argues.
- Here's how each company performed in quarterly earnings, and how much each stock has gained this year.
- Read more on Business Insider.
It's been quite a month for FAANG stocks. In October, each member of the popular group that includes Facebook, Apple, Amazon, Netflix, and Google/Alphabet reported quarterly earnings.
The five tech giants are closely watched by Wall Street analysts and retail investors alike because of their wide-reaching influence in society as well as their weight in the market. Including Microsoft – another heavy-hitting tech company – the group of six makes up roughly 18% of the S&P 500's total market capitalization, according to Yardeni Research.
Recent gains around solid quarterly earnings from some of the FAANG stocks plus Microsoft contributed to the S&P 500's recent all time high. The popular group of technology stocks returned to a new high last week, driving the overall market to a record, according to Ed Yardeni of Yardeni Research.
"Altogether, the FAANGM index is up about 33%" year-to-date, Yardeni wrote in a note to clients Thursday.
Here's what each of the FAANG stocks, plus Microsoft, reported in the most recent quarterly earnings release, plus how much each stock has gained year-to-date.