These 11 stocks may be emerging to steal the crown from the Magnificent 7, according to Evercore ISI tech analyst Mark Mahaney.
A new cohort of stocks may be emerging to steal the crown from the "Magnificent Seven," according to Evercore ISI. While the Magnificent Seven tech titans have boosted stocks to record highs, signs have already emerged that not all of those names will continue their ascent. By far, the two laggard stocks in the Magnificent Seven basket this year have been Apple and Tesla , plagued by weakened sales in the China market and down 10% and 28% this year, respectively.
This basket of stocks includes several names from the Magnificent Seven — and could grow to bring in additional stocks, Mahaney said. Mahaney included Magnificent Seven members Amazon , Alphabet and Meta in his new Electric 11 lineup. Amazon and Meta have respectively gained 16% and 40% this year, while shares of Alphabet are largely unchanged. On Monday , Morgan Stanley reiterated Meta at an overweight rating, while Goldman Sachs stood by its buy rating for Amazon.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Men's AP Top 25: Houston, UConn, Purdue on top; UNC, Kentucky on the riseA couple of traditional blue bloods made big jumps the AP Top 25 men's poll, as they peak just in time for postseason play.
Read more »
Two Photographers Create Magnificent Gigapixel Image of Annular Solar EclipseAstrophotographers Andrew McCarthy and Dan Stein have released a gigapixel image of last year’s annular solar eclipse.
Read more »
Magnificent Tidal Energy Project To Double As New City ParkTidal energy projects can compete on scale and cost with nuclear energy while creating urban parks and flood control opportunities, too.
Read more »
Arcadia: Rolls-Royce’s latest one-off Droptail is magnificentMeet the latest ultra-exclusive convertible from Goodwood
Read more »
The Magnificent 7’s Earnings May Not Grow as Fast as You ThinkExpectations for strong profit growth from the tech leaders are part of the reason the S&P 500 is trading near record levels.
Read more »
The science of Dune’s magnificent, merciless sandwormsRobin George Andrews is a doctor of volcanoes and an award-winning science journalist based in London. He is also the author of two popular science books: Super Volcanoes (2021), and How To Kill an Asteroid, out later this year.
Read more »