These S&P 500 index stocks are leading in 2025: are they good buys?

The S&P 500 index is firing on all cylinders this year and is now trading at its all-time high. It has surged by over 75% from its lowest level in 2022, a trend that may continue later this year. 

The index, which tracks the biggest companies in the United States, is being boosted by the recent earnings. Most companies have published strong numbers and offered robust forward guidance.

The S&P 500 index has jumped even as risks remain. For one, Donald Trump has threatened to impose tariffs that analysts expect will hit companies across sectors. For example, the steel and aluminum tariffs will hit companies in the automobile sector.

He has also pledged to impose tariffs on forest products that will hit the housing sector. So, let’s explore some of the top stocks shining on the S&P 500 index this year.

Super Micro Computer (SMCI)

Super Micro Computer stock price has surged by over 97% this year as investors bought last year’s dip. This rebound happened as the company continued to demonstrate that its business was doing well. It has also soared as demand for artificial intelligence assets continued rising despite the DeepSeek panic. 

Technically, the SMCI stock price surged after the stock formed a falling wedge chart pattern on the weekly chart. This is one of the most bullish patterns in the market. There are signs that the Super Micro Computer stock price will continue doing well, with the next point to watch being the psychological point at $100.

Palantir Technologies (PLTR)

Palantir Technologies has been the second-best performing stocks in the S&P 500 index this year as it soared by almost 50%. PLTR has jumped because of its strong financial results that have demonstrated that its business is doing well. Most notably, investors cheered Palantir’s commercial and AIP business.

The challenge for investing in Palantir is that its stock has become highly overvalued. It has also moved much higher than the moving averages, meaning that a mean reversal is highly popular. 

CVS Health (CVS)

CVS Health, one of the worst-performing S&P 500 index stock in 2024, has evolved into one of the best performers this year, as we predicted. It has jumped by over 47% as investors bought the dip and after it made strong progress in its turnaround. 

CVS quarterly revenue rose to $96.5 billion and its EPS moved to $1.31, higher than expected. CVS Health stock price may continue rising as investors bet that the turnaround will do well.

Uber Technologies (UBER)

Uber Technologies is another top S&P 500 index this year as it jumped by 35%. The stock has soared after Bill Ackman invested in the company, citing its strong fundamentals and market share globally.

Uber published strong financial results, which showed that its quarterly revenue rose from $9.9 billion to $11.9 billion. This growth will likely continue as the management introduces more products in the goal for creating a super app experience.

Intel (INTC)

Intel stock price has soared by almost 30% this year. This growth accelerated this week after rumors emerged that Taiwan Semiconductor and Broadcom were considering a bid for the firm. A purchase would mark a major downfall for a company that once dominated the semiconductor industry.

The other notable performers in the S&P 500 index this year are Tapestry, Constellation Energy, CrowdStrike, Newmont Mining, and Texas Pacific Land Trust. 

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