Mark Wright shares his opinion on the 'Magnificent 7', no, not the classic 1960 Western movie, but the umbrella term for mega-cap stocks Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla...
If one didn't work in the financial industry, they would be forgiven for thinking the Magnificent 7 was the latest overhyped Marvel movie. If I "google" Magnificent 7 on my home wi-fi, the main characters from the 1960 Western, The Magnificent Seven, appear. It scores 7.7 on IMDB and so I've added it to my ever-expanding ‘must watch' list. In the office, the same search unsurprisingly yields the mega-cap stocks: Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla. A good example of internet cookies doing their job. Collectively, the Magnificent 7 more than doubled ...
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