Analyst Who Coined ‘Magnificent 7’ Label Declares End Of An Era: ‘I Don’t See These Seven Names Rising Together’
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Benzinga
Benzinga
The era of the Magnificent Seven in the stock market, a term coined for a group of mega-cap giants, might be coming to an end, according to an analyst who popularized the label. What Happened: The “Magnificent Seven†stocks, which include Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:META), NVIDIA Corporation (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), Amazon.com Inc (NASDAQ:AMZN), and Microsoft Corp (NASDAQ:MSFT), have seen their fortunes diverge this year, reported Business Insider. Mike O’Rourke, the chief market strategist at Jones Trading, who is credited with coining the term, suggeste…