Wall Street analysts and strategists from firms like JPMorgan and Goldman Sachs are downplaying concerns of a bubble in US technology megacap stocks, including the 'Magnificent Seven.' JPMorgan noted that these stocks are now cheaper compared to the broader equity market than five years ago, citing recent earnings. Goldman Sachs highlighted the outgrowth of the US stock market in terms of earnings growth. Stock market concentration is not a new phenomenon, with analysts suggesting that the Magnificent Seven stocks are not overvalued, unlike cyclicals. Despite the market dominance of US equities and tech, Goldman strategists believe that this concentration does not necessarily imply a steep drawdown.
⚠️ COLUMN-PEAK U.S. STOCK CONCENTRATION DOESN'T MEAN STEEP DRAWDOWN: MCGEEVER Full Story → https://t.co/OKkU0TAC4U By some measures the U.S. stock market has not been this top-heavy in over 100 years and has just had one of its strongest rallies in decades, giving… https://t.co/7bWIRjP61X
JPM analyst vs JPM analyst: Kolanovic: The rush into stocks like the Mag Seven has typically been followed by a correction whenever it has occurred in the past. Mayejka: Tech earnings have been so strong that “these stocks could still hold out better than traditional cyclicals”
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US equities, tech growing in market dominance, Goldman strategists say https://t.co/cUaPGPv8MF https://t.co/Woc6wNJIod
⚠️ US EQUITIES, TECH GROWING IN MARKET DOMINANCE, GOLDMAN STRATEGISTS SAY Full Story → https://t.co/W3f3K5V88u https://t.co/90a25zvEKo
Stock bubble fears are overblown despite 'Magnificent 7' rally: Wall Street analysts https://t.co/HfWJAExxAc by @SeanaNSmith
Analysts have surprising take on Magnificent 7 amid tech-bubble echoes https://t.co/WKZP9Nek4j
Magnificent Seven Stocks Aren’t Overvalued—Cyclicals Are, J.P. Morgan Says https://t.co/zbhoAm4wA8
Stock market concentration is nothing new https://t.co/WTp5tn365C
"US stock market has simply outgrown others in terms of earnings growth" - GS https://t.co/H3jJQSNdMo
JPMorgan plays down concerns about a tech bubble and sees more upside to the Magnificent 7 stocks https://t.co/CxwmLs1OC5
❖ Magnificent Seven stocks aren't too expensive - JPMorgan JPMorgan strategists led by Mislav Matejka said in a Monday note that the Magnificent Seven stocks are now cheaper compared to the broader equity market than they were five years ago, citing their most recent earnings…
The ranks of Wall Street strategists playing down concerns around a bubble in US technology megacap stocks are growing https://t.co/XUjMffoQ9f
Stock bubble fears are overblown despite Magnificent 7's rally: Wall Street analysts https://t.co/ZLZRGRuh7U by @SeanaNSmith