Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
Publishing timestamp: 2024-02-19 12:38:41
Summary
Deutsche Bank analysts highlighted that the combined market cap of the "Magnificent 7" U.S. tech behemoths would make it the second-largest country stock exchange in the world. However, concerns have been raised about the related risks in the U.S. and global stock markets due to the high level of concentration. Despite the impressive performance of these companies, there are signs that opportunities in U.S. stocks could broaden beyond the Magnificent Seven this year.
Sentiment: MIXED
Tickers: MSFT, DBK-FF, META, GOOGL, AMZN, NVDA, TSLA, AAPL, .BBKA,
Keywords: technology, investment strategy, economy, breaking news: investing, business news, markets, deutsche bank ag, breaking news: economy, apple inc, amazon.com inc, breaking news: technology, alphabet inc, tesla inc, nvidia corp, china, united states, meta platforms inc, cnbc magnificent 7 index, wall street, u.s. economy, microsoft corp, breaking news: markets, japan,