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☆ It's time to get rid of the 'Magnificent Seven' moniker, according to Wolfe Research
▼ + stars: | 2024-02-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

So-called Magnificent Seven stocks Apple , Alphabet and Tesla may no longer be living up to that title, according to Wolfe Research. "It's really more like the Mag 4 or Fab 4 these days," Wolfe Research managing director Rob Ginsberg wrote Monday. " The meteoric rise of the "Magnificent Seven" stocks — Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla — lifted the S & P 500 to a 24.2% gain in 2023. But Ginsberg said Apple, Alphabet and Tesla are ripe for exclusion from the Magnificent Seven. AAPL YTD mountain Apple shares in 2024 Apple shares have slipped roughly 10% from their December 2023 high, Ginsberg said, and they are off by about 6% in 2024.

Persons: Wolfe, Rob Ginsberg, Evelyn, Ginsberg, Tesla Organizations: Wolfe Research, Microsoft, Nvidia, Tesla, Evelyn Partners, Dow, Apple

☆ Here's why investors should stop worrying so much about concentration risk in the market
▼ + stars: | 2024-02-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.

Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, — Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom

☆ Outside of the Mag 7, Arm is a great way to invest in AI, says Tiffany McGhee
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutside of the Mag 7, Arm is a great way to invest in AI, says Tiffany McGheeTiffany McGhee, CEO and CIO of Pivotal Advisors, discusses the Magnificent 7, portfolio management, and her top stock picks.

Persons: Tiffany McGhee Tiffany McGhee

☆ Jim Cramer grades the latest round of Magnificent 7 earnings
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer grades the latest round of Magnificent 7 earnings'Mad Money' host Jim Cramer takes a look back at all the Mag 7 results from this most recent round of earnings.

Persons: Jim Cramer

☆ The Magnificent 7 'acquit' themselves this earnings season, says Jim Cramer
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Magnificent 7 'acquit' themselves this earnings season, says Jim Cramer'Mad Money' host Jim Cramer takes a look back at all the Mag 7 results from this most recent round of earnings.

Persons: Jim Cramer

☆ I ditched my smartphone for 12 months but it was a bad decision
▼ + stars: | 2024-02-21 | by ( William Haigen | ) www.businessinsider.com time to read: +5 min

When my iPhone suddenly stopped working 12 months ago, my immediate reaction surprised me. Like, according to PC Mag 67% of millennials, I’ve tried and failed to spend less time on my phone. I’ve downloaded all of the productivity apps, tried making rules and systems, and read books about breaking bad habits — to no avail. WhatsApp only works if you have a smartphone, so friends and family who don’t use Facebook Messenger are nearly uncontactable. I’ve become quite accustomed to not even having my phone on or taking it with me everywhere I go.

Persons: I’ve, Steve Jobs ’, overstimulation, I’m, —, Hyperconnectivity Organizations: Service, Business, Nokia

☆ Tuesday, Feb. 20, 2024: The Investing Club breaks down why it trimmed this big bank stock
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, Feb. 20, 2024: The Investing Club breaks down why it trimmed this big bank stockJim and Jeff discuss this 'Mag 7' semiconductor stock ahead of its highly awaited earnings report. They also talk about trimming this bank stock. Finally, they discuss this cybersecurity stock.

Persons: Jeff

☆ Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
▼ + stars: | 2024-02-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty ImagesThe so-called "Magnificent 7" now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths — Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. Deutsche Bank analysts highlighted that the Magnificent 7's combined market cap alone would make it the second-largest country stock exchange in the world, double that of Japan in fourth. However, this level of concentration has led some analysts to voice concerns over related risks in the U.S. and global stock market.

Persons: Michael M, Jim Reid, Deutsche, Reid, Tesla, Evelyn Partners, Daniel Casali, Evelyn, Casali Organizations: New York Stock Exchange, Santiago, Getty, Deutsche Bank, Microsoft, Nvidia, Tesla, Apple, Amazon, Evelyn Partners Locations: New York City, China, Japan, France, Saudi Arabia, U.S

BOSTON (AP) — With back-to-back Super Bowl victories for the hometown Chiefs, Kansas City football fans gathered for another championship parade and a second celebratory pep rally in a row. Not because the Chiefs, with star quarterback Patrick Mahomes still just 28 years old, can’t win another NFL title. “They have to think twice about having these parades,” said former Boston Police Commissioner Bill Evans, who in 38 years with the department worked 12 championship parades and the aftermath of the 2013 Boston Marathon bombing. The event included a parade down Grand Boulevard, followed by a rally in front of Union Station. But that's a difficult proposition for large, open venues like where the Kansas City rally was held, or the 26.2-mile Boston Marathon course.

Persons: Patrick Mahomes, can’t, “, ”, Bill Evans, Stacey Graves, –, Quinton Lucas, Patrick's, ” Evans, Ed Davis, Evans, there’s, ” Davis, Davis, “ Everybody's, “ Everyone’s Organizations: BOSTON, hometown Chiefs, Kansas City, Chiefs, NFL, Boston Police, Marathon, San Francisco 49ers, Super, Nuggets, NBA, Texas Rangers, Bowl, Arrowhead, U.S, Secret, Louisiana, Boston Marathon, Paris Olympic, Boston, Boston Red Sox, Police, Boston College Locations: Kansas City, Denver, St, America, New Orleans, Salt Lake City, Kansas

☆ These 2 under-the-radar stocks are outperforming during the sell-off and ready to breakout
▼ + stars: | 2024-02-14 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Only 10% (or about 50) of the S & P 500's holdings advanced on Tuesday's market-wide sell-off, which is an extremely low amount. Being up on a very big down session isn't the only thing that the stocks have in common. In fact, they are two of just 10 S & P 500 holdings currently trading over the $1L mark. Primed to outperform the market again All that said, AZO and ORLY have not outperformed the S & P 500 over the last two years. But their recent relative lines vs. the SPX now resemble the patterns from 2019-21, right before strong relative moves commenced.

Persons: AZO, they've, Frank Cappelleri Organizations: O'Reilly Automotive, ORLY, & $ Locations: ORLY, AZO's, …, AZO

☆ Treasury Partners' Rich Saperstein still likes the long-term growth of the Magnificent 7
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTreasury Partners' Rich Saperstein still likes the long-term growth of the Magnificent 7Rich Saperstein, Treasury Partners founding principal, joins 'Closing Bell' to discuss small caps and the stocks outside of the 'Mag 7'.

Persons: Rich Saperstein Organizations: Treasury Partners

☆ Berkshire Hathaway topped $600,000 a share last week, aiming at $1 trillion market value
▼ + stars: | 2024-02-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The swift rally has pushed Berkshire's market cap above $863 billion as of Friday's close, making it the seventh most valuable company in the U.S. Road to 600k It took Berkshire Class A shares about two years to go from $500,000 to $600,000. In terms of market cap weighting and earnings contribution to the S & P 500, Berkshire is now the best candidate to join the crowd, Strategas said. High price tag Berkshire's original Class A shares carry one of the highest price tags on Wall Street . Berkshire's Class B shares have gained more than 11% this year and also hit an intraday record of $399.15 earlier this week.

Persons: Warren Buffett's Berkshire Hathaway, Tesla, Tesla —, Eli Lilly, Strategas, Buffett, Ben Graham Organizations: U.S, BNSF Railway, Geico Insurance, U.S ., PetroChina, Alleghany, Occidental Petroleum, Microsoft, Apple, Nvidia, Tesla, Strategas Securities, Broadcom Locations: Warren Buffett's, U.S, Omaha, Berkshire, Saudi Aramco

☆ The 'Mag 7' will see a break and pullback, warns Deepwater's Doug Clinton
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'Mag 7' will see a break and pullback, warns Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Closing Bell' to discuss the sustainability of mega cap gains.

Persons: Deepwater's Doug Clinton Doug Clinton Organizations: Deepwater Asset Management

☆ The chief strategist at Citi Global Wealth shares his top growth investments for a resilient economy in 2024 — including his highest-conviction commodity that will triple its demand by 2030
▼ + stars: | 2024-02-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Inflation was certainly severe and very troubling for markets, but ultimately its sources were transitory, Wieting said. As other energy-based companies and commodities grapple with a transition to clean energy, copper is expected to reap the benefits. The transition to clean energy and the move toward electric vehicles means demand for copper will triple by 2030, according to Citi Global Wealth's 2024 outlook. He believes the Magnificent Seven will be a strong part of the economy going into 2024 once again. Therefore, investors should look for opportunities in mid-cap growth or those within the S&P 400, the benchmark for the US mid-cap stocks.

Persons: Steven Wieting, Wieting Organizations: Federal, Citi Global Wealth, Business, Housing, Citi Global

☆ All of the 'Mag 7' stocks look overpriced, says NYU's Aswath Damodaran
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll of the 'Mag 7' stocks look overpriced, says NYU's Aswath DamodaranAswath Damodaran, NYU professor of finance, joins 'Closing Bell' to discuss the high prices of the ‘Magnificent 7’.

Persons: NYU's, Damodaran Organizations: NYU

☆ Goldman Sachs believes it's likely the 'Magnificent 7' beats the market again this year
▼ + stars: | 2024-02-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Given that most of the "Magnificent Seven" has surpassed consensus expectations, Goldman Sachs said the group of big technology companies could once again exceed the broader market's gains this year. So far, six of the Magnificent Seven — all but blockbuster chipmaker Nvidia — have reported fourth-quarter results. Each of the companies, with the exception of electric vehicle maker Tesla , exceeded consensus sales forecasts, and collectively posted 14% year-over-year quarterly sales growth, Kostin noted. Analysts also expect the Magnificent Seven to outperform in margin expansion over the next three years, compared with the rest of the market, he added. Shares of the Magnificent Seven raced ahead of the broader market last year.

Persons: Goldman Sachs, David Kostin, Kostin, Nvidia —, Goldman, Nvidia's Organizations: Nvidia, DoJ, FTC, Analysts, Tech, Apple, Microsoft

☆ Market leadership is getting even narrower as the 'Magnificent 4' takes over
▼ + stars: | 2024-02-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Meta's strong earnings has been a major factor in pushing up overall S & P 500 earnings estimates. The S & P 500 is up 4% for the year, but the equal-weight S & P 500 is up only 0.2%. Only about half the stocks in the S & P 500 are up this year. The two main small-cap indices, the Russell 2000 and the S & P SmallCap 600 , are both down 3% for the year. "If the S & P 500 was the Mag 7, it would be trading above 10k now."

Persons: Russell, we've Organizations: Nvidia, Microsoft, New York Stock Exchange, Software, NVIDIA, Apple

☆ Forget FANG and Magnificent 7, the new hot portfolio is 'MnM,' says Raymond James
▼ + stars: | 2024-02-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Microsoft, Nvidia & *now* Meta Leading in AI Era," Raymond James analyst Josh Beck said in a note to clients. META NVDA,MSFT YTD mountain MnM portfolio Apple, Alphabet, Amazon, Microsoft, Meta Platforms, Nvidia and Tesla – referred to as the Magnificent 7 –recently replaced the popular FANG acronym coined about a decade ago. Apple shares are now down about 3% on the year and another 3% in premarket trading Friday. Now, Raymond James believes that "MnM" could take the baton from FANG and Magnificent 7 to become the next hottest tech portfolio on Wall Street. Nvidia shares have climbed another 27% this year following a whopping 238% rally last year.

Persons: FANG, Raymond James, Josh Beck, Beck, Apple, Mark Zuckerberg, — CNBC's Michael Bloom Organizations: Microsoft, Nvidia, Meta, Tesla, Apple Locations: China, U.S

☆ Scientists thought an ancient tomb had been lost 170 years ago until one expert discovered it practically right in his backyard
▼ + stars: | 2024-01-30 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

An instructor at Dingle campus of Connecticut-based Sacred Heart University, he's mapping the sites of wedge tombs . "These types of structures are burial places," Mag Fhloinn said, generally dating to around 2,500 to 2,000 BCE. During his searches of the hill, Mag Fhloinn took photographs to create a 3D model. Rotating the 3D model on his screen, Mag Fhloinn saw how well it corresponded with the 1838 drawing. Most wedge tombs face west, particularly to the southwest, Mag Fhloinn said.

Persons: —, Lady Georgiana Chatterton, Raidió, COVID lockdowns, Billy Mag Fhloinn, Fhloinn, RTÉ, Seán Mac, Richard Hitchcock, couldn't, Caimin O'Brien, O'Brien Organizations: Service, Business, Heart University, National Monuments Service Locations: Ireland's Dingle, South, Ireland, Dingle, Connecticut

☆ Chart Master: The best and worst charts of the Mag 7
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart Master: The best and worst charts of the Mag 7Carter Worth, Worth Charting, talks the Magnificent 7 stocks with the 'Fast Money' traders.

Persons: Carter Worth

☆ Wall Street is barreling toward a big week ahead with megacap earnings, Fed meeting in focus
▼ + stars: | 2024-01-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street is headed into the thick of earnings season, with results on deck from the bulk of the so-called Magnificent Seven names. On top of that, the Federal Reserve's latest monetary policy decision and the January jobs report will be in focus. Federal Reserve meeting Investors aren't anticipating much out of the Fed meeting next week. Market participants say recent reports show the trends have been going in the right direction, and Friday's report is expected to confirm the softening in the jobs market. Other significant earnings in the week ahead include Boeing , a major Dow component.

Persons: Russell, we've, Shannon Saccocia, Jonathan Krinsky, Tesla, that'll, Hogan, you've, John Bailer, Jerome Powell, Tony Welch, Welch, FactSet Organizations: Microsoft, Nvidia, Dow Jones Industrial, Nasdaq, Dow, JPMorgan, Riley Securities, Newton Investment Management, Fed, PCE, Boeing, Alaska Airlines, Dallas, Whirlpool, Petroleum, United Parcel Service, General Motors, Pfizer, Devices, ADP, ECI Civilian Workers, Chicago PMI, Mastercard, Qualcomm, Labor, PMI, Manufacturing, Apple, Chevron, Exxon Mobil Locations: Thursday's, nonfarm payrolls, Chicago, Royal Caribbean, Michigan

☆ In one earnings call Tesla removed itself from the Mag 7, says Jim Cramer
▼ + stars: | 2024-01-25 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn one earnings call Tesla removed itself from the Mag 7, says Jim Cramer'Mad Money' host Jim Cramer explains why he thinks Tesla should be removed from the Magnificent 7.

Persons: Tesla, Jim Cramer

☆ Older tech titans outshining the Mag 7 with 'cash flow', says Douglas C. Lane's Sarat Sethi
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOlder tech titans outshining the Mag 7 with 'cash flow', says Douglas C. Lane's Sarat SethiHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Douglas C, Lane's Sarat Sethi, Brian Sullivan, “ Organizations: CNBC

☆ Here’s what analysts are expecting from Tesla earnings
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts are largely cautious on Tesla — and the broader autos industry — ahead of the electric vehicle company's earnings on Wednesday. TSLA 1Y mountain Tesla shares over the past year. "There is continually growing evidence that the global EV market is in an unfavorable balance of supply (growing) vs. demand (slowing)." The analyst rates Tesla stock a buy with a $260 price target. Higher units likely require more price cuts," analyst Joseph Spak forecasted about Tesla's earnings in a Jan. 15 note.

Persons: Tesla, outsized, John Murphy, Murphy, Wells, Colin Langan, Langan, Morgan Stanley Morgan Stanley, Adam Jonas, Jonas, Emmanuel Rosner, Rosner, Joseph Spak Organizations: Tesla, Bank of America, Deutsche Bank Deutsche Bank Research, UBS UBS, UBS Locations: China, Tuesday's, Downside, Wells Fargo, Europe

☆ It's not the Mag 7's fault the other S&P 500 stocks aren't as compelling, says Jim Cramer
▼ + stars: | 2024-01-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

It's not the Mag 7's fault the other S&P 500 stocks aren't as compelling, says Jim Cramer'Mad Money' host Jim Cramer talks about the markets record trading day and the Magnificent 7's role.

Persons: It's, Jim Cramer

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