It’s unlikely that the largest companies now will dominate the stock market in a decade
“ “Whoever coined the expression ‘Magnificent Seven’ for these companies presumably didn’t see the movie.””
But we have a good idea which companies won’t be on that list: today’s Magnificent Seven — Microsoft MSFT, +2.35%, Apple AAPL, +1.87% Amazon.com AMZN, +2.94%, Nvidia NVDA, +3.79%, Alphabet GOOGL, +1.91%. Meta Platforms META, +3.51%, and Tesla TSLA, +2.40%. These are the results of research conducted by Research Affiliates, the investment firm headed by Robert Arnott. He and fellow researchers focused on the 10 largest-cap companies at the beginning of each decade since 1980. They found that, on average, eight of those 10 were gone from the top-10 list by the end of that decade. Furthermore, the average 10-year performance of all 10 was significantly below that of the overall U.S. market.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis: Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-offA slide in the shares of the massive U.S. technology and growth companies that have led stocks higher this year is tempting investors hoping for bargains ahead of results from market bellwether Apple.
Read more »
Analysis-Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-offAnalysis-Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off
Read more »
Will weakness in Magnificent 7 stocks spread to Bitcoin price?Stocks are starting to correct. Will Bitcoin price follow or become a hedge?
Read more »
Int'l Disruptors: 'Magnificent Century's' Tims & B On Turkish TV BoomWelcome to Deadline’s International Disruptors, a feature where we’ll shine a spotlight on key executives and companies outside of the U.S shaking up the offshore marketplace. This week, we’re talk…
Read more »
Will the S&P 500 rally by year-end? Morgan Stanley's Slimmon weighs in — and names a Big Tech stockIf the market does rally into the year-end, it will be led by the 'Magnificent Seven' stocks, said Andrew Slimmon, who named his preferred play.
Read more »