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...[now] the market is starting to zero in on what are the individual prospects of each of the Magnificent Seven as opposed to treating them as one security.”...
...So goes the plot of the 1960 movie classic, The Magnificent Seven. Last year, the same epithet was attributed to the seven stocks that produced most of the growth in global equity markets....
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...He says it’s been possible for sustainable investors to profit from the AI boom without necessarily buying into the Magnificent Seven....
...Shares in those seven unglamorous companies are up by an average of around 1,000 per cent over the past 20 years....
...HSBC thinks this is likely to continue and could push further investment in the direction of this group — although one imagines some will now steer clear of Tesla....
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...The killing of seven World Central Kitchen aid workers (and Israel’s failure, thus far, to explain what really happened) will without doubt prove to be a pivot in the course of this war....
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...It was not supposed to be like this. Elon Musk made Tesla the world’s most valuable carmaker and one of the “magnificent seven” US tech groups by outflanking incumbents in luxury EVs....
...It’s all about one big sector — tech — and within that sector, the few giants that have gone by many different nicknames, most recently the Magnificent Seven....
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