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It's no secret that market leadership has become more concentrated over the years, but this is ridiculous. That one company is Microsoft , the behemoth with the $2.35 trillion market cap and, it seems, a position in the driver's seat on where the market goes next. In his weekly breakdown of money flows through the financial markets, BofA investment strategist Michael Hartnett said Microsoft needs to reassert itself or face dragging down the rest of the stock market. MSFT YTD line Microsoft as market leader That's why it holds such a pivotal position in determining how things go from here. Harnett noted that the equity put/call ratio has hit its highest point since the collapse of Silicon Valley Bank in March, "a bad sign if stocks can't hold hold here."
Persons: Michael Hartnett, Hartnett, That's, Yul Brynner, Brynner, Chris Adams, gunfighters, Harnett, swoon Organizations: Bank of America, Microsoft, Dow Jones, Silicon Valley Bank Locations: Thursday's, Silicon
CNBC's Jim Cramer is too, but he told investors on Thursday it's important to stick with these "Magnificent Seven" winning stocks, even if it feels a little tiresome. Referencing the eponymous 1960 Western — in which a group of seven gunfighters tries to save a village from bandits — Cramer pointed out the seven best stocks that he thinks are guaranteed winners, managing to come out on top despite the torrential upsets in the market this year. Cramer dubbed these seven stocks "all-pro": Apple , up 37% this year so far; Microsoft , which is up 38%; Nvidia , up 159%; Amazon , up 44%; Meta , up 120%; Tesla , up 66%; and Alphabet , up by 39%. Challenge all seven gunfighters? "Do you want to own the petrified villagers in the Dow, or would you rather stick with what's winning — the Magnificent Seven?"
Persons: Jim Cramer, — Cramer, Cramer, Tesla, , Meta Organizations: Microsoft, Nvidia, Facebook, Google, Dow Locations: U.S, Europe, China
[1/5] Republican Florida Governor Ron DeSantis is showered with confetti as he celebrates onstage with his wife Casey and family during his 2022 U.S. midterm elections night party in Tampa, Florida, November 8, 2022. Oz, the TV physician who was Trump's hand-picked candidate for the race, had questioned his fitness for office. During Fetterman's campaign, he made much of visiting the state's rural regions with talk of creating working-class jobs. Meanwhile, a race in the state’s 10th district, situated even closer to Washington, ended with incumbent Democrat Jennifer Wexton keeping her seat. The win moved Republicans closer to the five seats they needed to take over the House.
REUTERS/Marco BelloWASHINGTON, Nov 8 (Reuters) - Tuesday's U.S. midterm elections will determine whether Republicans seize control of Congress from Democrats. Early exit polls from Edison Research, however, showed reason for concern as Democrats appeared to be losing support from crucial voting blocs. The exit polls showed 54% of voters with college degrees picking Democrats while 45% voted for Republicans. Exit polls showed Republicans were winning 40% of the Hispanic vote, compared to 32% won by Trump in 2020. Now all eyes will be on his next move — and whether he has the guts to take on Trump for the 2024 Republican presidential nomination.
Analysis: Takeaways from the U.S. midterm elections
  + stars: | 2022-11-09 | by ( James Oliphant | ) www.reuters.com   time to read: +4 min
[1/5] Republican Florida Governor Ron DeSantis is showered with confetti as he celebrates onstage with his wife Casey and family during his 2022 U.S. midterm elections night party in Tampa, Florida, November 8, 2022. REUTERS/Marco BelloWASHINGTON, Nov 8 (Reuters) - The U.S. midterm elections on Tuesday will determine whether Republicans can seize control of Congress from Democrats. Early exit polls from Edison Research, however, showed reason for concern as Democrats appeared to be losing support from crucial voting blocs. The exit polls showed 54% of voters with college degrees picking Democrats while 45% voted for Republicans. Exit polls showed Republicans were winning 40% of the Hispanic vote, compared to 32% won by Trump in 2020.
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