V-shaped recovery: The S&P 500 members who have completely erased their tariff-induced losses

The S&P 500 is still down about 5% from levels that prevailed prior to President Donald Trump’s reciprocal tariff announcement last Wednesday, which was both watered down and delayed midday.

But about 5% of companies in the benchmark US stock index have managed to completely erase all those losses, as of 2:20 p.m. ET today. The group includes:

• Chip designer Broadcom, which recently announced a $10 billion buyback;

• Magnificent 7 members Nvidia and Microsoft;

• The unicorn: Super Micro Computer, an AI-linked stock that’s also cheap;

• Retail favorite Palantir Technologies;

• Delta Air Lines, thanks to a massive 20% gain today after earnings;

• Consumer-facing companies Lululemon and Walmart, the latter of which is apparently shaking off the remaining levies remaining on China;

• And health insurers like Humana and UnitedHealth, poised to benefit from higher payout rates on Medicare Advantage.