Can the ‘magnificent seven’ stocks return to market dominance? Investors are divided

Elevated valuations mean strong earnings growth is needed to continue to power the tech rally, says market strategist Ed ClissoldHedge funds can’t get enough of the so-called magnificent seven stocks that have dominated this year’s stock market, but other investors are becoming more cautious.

According to Goldman Sachs, hedge funds hold record exposure to the aforementioned grouping: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta. While the seven stocks have been responsible for roughly three-quarters of the S&P 500′s 2023 gains, things have lately got trickier, with the grouping underperforming the S&P 500.That’s not unexpected in a market pullback – often, big winners give up ground in corrective periods, only to soon resume their leading role.

Ned Davis Research’s Ed Clissold recently noted that even after the recent pullback, the eight biggest tech stocks accounted for 28 per cent of the S&P 500 but just 18 per cent of index earnings.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

How Ireland helps investors profit from the fossil fuel industry in poorer countriesAs the climate crisis reaches boiling point, Ireland is channelling funds to the fossil fuel industry
منبع: IrishTimes - 🏆 3. / 98 ادامه مطلب »

European stock markets close flat but tech companies edge higherNovo Nordisk among the climbers as its weight-loss injection Wegovy is launched in England
منبع: IrishTimes - 🏆 3. / 98 ادامه مطلب »