according to Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management.
The Bloomberg index tracking the Magnificent Seven has gained only 1% this year, with losses by Tesla, Microsoft and Alphabet offset by a 25.8% rally for Meta. The stocks of the Magnificent Seven rose more than 160% between the beginning of 2023 and the end of 2024.
(The Magnificent Seven are : Apple, Microsoft, Alphabet, parent company of Google, Amazon, Tesla, Nvidia and Meta, parent company of Facebook).
