Less Stocks To Buy -- Investor Insights from Glen Eagle

Less Stocks To Buy

May 13, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.

The number of public companies in the United States declined by over 40%, from 8,000 in 1996 to 4,642 in 2022. The main culprits were mergers and acquisitions; Alphabet and Microsoft acquired more than 500 companies alone. ₁

In 2023, a survey found that 78% of Americans live paycheck-to-paycheck, up six percentage points from the previous year. Another survey discovered that 29% of Americans don't earn enough to cover basic living costs. ₁

The ratio of job openings to unemployed workers, which reached a level of two-to-one in 2022, has fallen to 1.3, as reported in the monthly Job Openings and Labor Turnover Survey (JOLTS). This level aligns more closely with pre-pandemic norms. ₁

The Dow index weighs stocks by share prices, not market value like other indexes. This means that UnitedHealth and Goldman Sachs, the 15th and 63rd largest companies in the country, have more influence on the Dow index than Microsoft, Apple, and Amazon combined. ₂

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Sources:

MFS – “Beyond the News"
WSJ – “The Dow Is a Terrible Index. But It Is Telling Us Something Important."

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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