Just 13 non-financial companies in the S&P 500, including mainly tech giants like Apple (AAPL), ($Alphabet(GOOGL)$ ) and $Microsoft(MSFT)$ are sitting on cash and investments of more than a $1 trillion, says an Investor's Business Daily analysis of updated data from S&P Global Market Intelligence and MarketSmith.

Apple alone last week reported sitting on $202.5 billion in cash and investments. That's 7.4% of all the S&P 500's cash. And it's up nearly 4% from 2021. And this week, Alphabet said it's holding $169.2 billion in cash and investments, up more than 7% from 2021.

In comparison, Singapore GDP was USD 397 bil in 2021 (or Malaysia GDP of USD 372 bil) which is equivalent to the top 3 above. Imagining these companies having to support an entire country and that’s how massive they are.

Another interesting note is that MSFT will have slightly lower cash position with the massive acquisition of Activision Blizzard for nearly $70 billion.

Cash is king during volatile times, it gives you great opportunities to snap up fundamental strong companies and fair valuation or even capitalize on the rising interest rate environment.

The longer the recession or market volatility drags on, the more desirable these companies will be as they have the cash to weather through the storm.

@Daily_Discussion (9/11) @TigerStars @CaptainTiger @MillionaireTiger 

Source: https://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/