Most importantly, the number of stocks sitting on the rising side of the see-saw has dramatically shrunk. The Magnificent 7 are up 95 per cent this year to Aug. 31 and just those seven companies have contributed a whopping 71 per cent of the S&P 500’s rise in 2023 so far.
However, markets broaden when the profit cycles accelerate because lower-quality and more cyclical companies have greater operating and financial leverage. Using the hackneyed analogy, a rising tide lifts all boats. U.S. small caps, Europe, Japan, China and U.S. themes focusing on real productive assets and the rebuilding of America’s manufacturing capacity all seem particularly attractive.
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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Investors need to remember that market see-saws always have two endsThere are many opportunities ignored by investors chasing the Magnificent 7 stocks and AI themes. Read more.
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'Magnificent Seven' investing playbook: Is Apple a growth company anymore?Apple's market reach is quite impressive. But can it sustain its growth?
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