The “Magnificent Seven” have been on an absolute tear this year. The Big Tech stocks that make up this powerhouse group – Apple, Amazon, Alphabet, Microsoft, Meta Platforms, Nvidia, and Tesla – accounted for 73% of all S&P 500 gains through the first six months of the year. But what exactly does this mean for stocks? Is it a good sign of things to come? Or should we be concerned that tougher times are ahead for smaller stocks? Matt breaks it all down for you on this episode of Making Money With Matt McCall.
Artificial intelligence (“AI”) is one big theme that connects each of the Magnificent Seven companies. AI has been growing in popularity for years. But its long-term tailwinds are just starting to gain momentum as more Big Tech companies implement the technology in their businesses. The real question today is… are the Magnificent Seven stocks a buy? There are a lot of questions to answer in this episode. So tune in to find out the best moves for your money.
#investing #stockmarket #artificialintelligence #tesla #microsoft #nvidia #meta #amazon #google
00:00 The ‘Magnificent 7’ Stocks Leading the S&P 500
4:28 What Caused the ‘Mag 7’ to Breakout?
7:33 Performance of Tech Stocks Since 2020
10:02 Largest S&P 500 Stocks Today
11:30 Largest S&P 500 Stocks 10 Years Ago
13:15 YTD Performance of the ‘Mag 7’
15:15 Apple (AAPL)
16:52 Microsoft (MSFT)
17:35 Alphabet (GOOGL)
18:45 Amazon (AMZN)
20:04 Nvidia (NVDA)
21:40 Meta Platforms (META)
22:26 Tesla (TSLA)
24:10 Are the Magnificent Seven Stocks a Buy?
28:47 Invesco S&P 500 Equal Weight ETF
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