Reported about 1 month ago
As the broader stock market rally unfolds in late 2024, discussions highlight the potential resurgence of the 'Magnificent 7': Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia. Despite a healthy growth forecast for the S&P 500 companies outside this elite group, with expected earnings growth of over 13%, the Magnificent 7 is projected to lead with nearly 19% earnings growth. This trend raises questions about whether tech giants can reclaim their dominant growth status amid other emerging stock opportunities.
Source: YAHOO