Issue #150 Whenever you hear about a small group of stocks that have performed so well in the last year or so that they've been given their own nickname (e.g., Nifty Fifty, BRICs, FAANG, etc.), watch out. Whenever I hear about such constructs, my contrarian antennae perk up. The latest such group is called the Magnificent 7 (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla). Here's a chart from Google Trends of searches for “Magnificent 7 stocks.”
The Magnificent 7
The Magnificent 7
The Magnificent 7
Issue #150 Whenever you hear about a small group of stocks that have performed so well in the last year or so that they've been given their own nickname (e.g., Nifty Fifty, BRICs, FAANG, etc.), watch out. Whenever I hear about such constructs, my contrarian antennae perk up. The latest such group is called the Magnificent 7 (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla). Here's a chart from Google Trends of searches for “Magnificent 7 stocks.”