Track the U.S. technology stocks that dominate the market
They’re Wall Street’s big guns. Stocks with so much swagger that they earned a nickname conjured from Hollywood’s golden age.
As a group, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla have racked up the lion’s share of the market’s gains in recent years, roaring to nearly one-third of the S&P 500’s total capitalization.
That dominant run prompted a Bank of America analyst to dub them “The Magnificent Seven,” a nod to a 1960 Western about a gang of gunslingers led by Steve McQueen, Yul Brynner and Charles Bronson. The moniker quickly became part of the parlance, appearing all over the press and spawning a spinoff exchange-traded fund.
Will the star stocks continue to inspire investors? Or is this generation’s tech boom driven by the same “irrational exuberance” that inflated bubbles of the past? This live dashboard updates with the latest market data, offering a real-time view of what comes next for the sizzling U.S. technology stocks.
Stock performance
The Magnificent Seven’s tickers can be combined to track the group’s total value over time. In recent years, the club has climbed significantly more than the hundreds of other stocks in the S&P 500 index.
Change in combined value over the past year
But some of the seven are having a better time than others. Chipmaker Nvidia is booming thanks to its lucrative position as the dominant chip supplier to artificial intelligence innovators, while shares of the electric vehicle maker Tesla seesaw, opens new tab as investors vacillate on its prospects for growth.
Change in value over the past year
Trading Momentum
To get a sense of the market‘s direction, Wall Street analysts compare a stock’s current cost to its trading position in recent weeks and months. A peaking stock will climb up the scale, while a stock losing steam will gradually sink. Watching these metrics over time can help identify when a trend is reversing.
According to one rule of thumb, values that rank in the top 20% are considered at risk of gravity‘s pull, while those in the bottom 20% may be ready to rise.
Source : https://www.reuters.com/data/magnificent-seven-monitor-2024-10-30