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Roughly 90% of stocks in the benchmark index lost ground, but it managed to hold onto a modest gain of 0.7% for the week. The Dow Jones Industrial Average fell 333.59 points, or 0.8%, to 42,992.21.
As of Friday, analysts are overwhelmingly bullish on Netflix. 87% of analysts covering the stock rate it a Buy, while only 3% recommend selling the stock. While Tesla’s fate in the Magnificent ...
Furthermore, with the broader market, measured by the S&P 500 trading at 24.6 times forward earnings (compared to Alphabet's 22.3 and Meta's 25.7), I think these two represent enough of a value ...
As many companies struggled to navigate a high inflationary environment over the last few years, America’s tech behemoths helped buoy the market. The Magnificent Seven accounted for half of the ...
Even before recession fears helped spark last week’s selloff, which continued Monday, Big Tech stocks had been cooling down. ‘Magnificent Seven’ stocks shed over $600 billion during selloff ...
Finally, investors can purchase stocks at reasonable prices rather than at all-time highs. Even the "Magnificent Seven" stocks are not immune to a correction. Amazon (NASDAQ: AMZN) is trading 20% ...
The mature stock-driven Dow Jones Industrial Average, benchmark S&P 500, and growth-propelled Nasdaq Composite, have all soared to multiple record-closing highs in 2024.
While a broadening of the stock market rally has led the S&P 500 toward record highs, further earnings dominance could favor the Magnificent Seven tech stocks into the end of the year.