11 Best Performing S&P 500 Stocks to Buy Now

5. Amphenol Corporation (NYSE:APH)

Year-to-Date Performance as of August 11: 58.11%

Number of Hedge Fund Holders: 69

Amphenol Corporation (NYSE:APH) is one of the best performing S&P 500 stocks to buy now. On August 4, Amphenol announced an all-cash deal to acquire CommScope’s connectivity and cable solutions unit for $10.5 billion. This is Amphenol’s largest acquisition to date and is expected to position the company as a key player in the US wireless infrastructure market.

For CommScope, the sale stood at $9.4 billion as of December 2024. After the deal, CommScope will use the proceeds to repay all of its debt and redeem all preferred equity held by the investment firm Carlyle, with significant excess cash remaining.

This is the third major acquisition Amphenol has made from CommScope. Earlier this year, Amphenol purchased CommScope’s mobile networks business, Andrew, for about $2 billion, and in 2024, it bought CommScope’s outdoor wireless network and distributed antenna systems businesses for $2.1 billion. The latest deal is expected to close in H1 2026 and will be immediately accretive to Amphenol’s diluted EPS  in the first full year after closing.

Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the US, China, and internationally. It operates through 3 segments: Harsh Environment Solutions, Communications Solutions, and Interconnect & Sensor Systems.