Move Over, Magnificent 7, as Other Stocks Rise to Glory
Prosaic financials and industrials perform like tech hotshots, Truist notes.
Prosaic financials and industrials perform like tech hotshots, Truist notes.
According to New York City Comptroller Brad Lander, a lack of worker input was among four main concerns with the evaluation.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
Two academics create a new measure to divine a security’s price after a certain holding period.
The mega-cap tech giants appear invincible. But things always change in the market.
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
Market-wide forces are impacting the high-flying shares, which have led the S&P 500 all year.
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.
Their stocks have been flat, like the rest of the market, but profit expectations are high for Q3.