Reported 4 days ago
In 2024, tech stocks, notably the 'Magnificent Seven,' achieved significant market gains, raising the question of whether they can sustain this momentum into 2025. Market strategist Mike O’Rourke emphasizes caution following Tesla's delivery underperformance, suggesting that investors should diversify beyond these high-valued stocks, which collectively trade at high earnings multiples. He advocates for shifting focus to mid- and small-cap stocks for potential value and protection in the market.
Source: YAHOO