Magnificent Seven starting to become Mag6 in 2024

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Magnificent Seven starting to become Mag6 in 2024

Magnificent Seven-ex Tesla has driven the S&P 500 to close at 1.47% year-to-date after the first three weeks of 2024. Expecting the group to push higher this year due to strong balance sheets and their revenue growth (except Tesla) will be less immune to the effects in the event the Fed does not hike the 6 rate cuts the market is pricing in.

As Tesla is primarily selling cars, if interest rates remain higher for longer, revenues will remain pressured this year, coupled with intense competition from Chinese EV makers.

Year-to-Date Magnificent Seven gain (loss)

Nvidia +20.13%

Meta +6.26%

Alphabet +4.79%

Microsoft +4.74%

Amazon +2.24%

Apple -0.50%

Tesla -14.6%

S&P 500 +1.47%

Nasdaq Composite +2.0%

Dow Jones +0.46%

# 2024 Outlook: How Will Story Unfold?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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NoraPoe
·01-25
Oh no, movie downgrade!
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Star9811
·01-23
Nice
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LEESIMON
·01-20
🩷Good
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VivianChua
·01-20
Nice 💚 💚 💚
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Expecting the group to push higher this year due to strong balance sheets and their revenue growth (except Tesla) will be less immune to the effects in the event the Fed does not hike the 6 rate cuts the market is pricing in.\nAs Tesla is primarily selling cars, if interest rates remain higher for longer, revenues will remain pressured this year, coupled with intense competition from Chinese EV makers.\n<h3>Year-to-Date Magnificent Seven gain (loss)</h3>\nNvidia +20.13%\nMeta +6.26%\nAlphabet +4.79%\nMicrosoft +4.74%\nAmazon +2.24%\nApple -0.50%\nTesla -14.6%\n \nS&amp;P 500 +1.47%\nNasdaq Composite +2.0%\nDow Jones +0.46%\n<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$&nbsp;</a>&nbsp;\n<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;\n<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a>&nbsp;\n<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a>&nbsp;</body></html>","htmlText":"<html><head></head><body>Magnificent Seven-ex Tesla has driven the S&amp;P 500 to close at 1.47% year-to-date after the first three weeks of 2024. Expecting the group to push higher this year due to strong balance sheets and their revenue growth (except Tesla) will be less immune to the effects in the event the Fed does not hike the 6 rate cuts the market is pricing in.\nAs Tesla is primarily selling cars, if interest rates remain higher for longer, revenues will remain pressured this year, coupled with intense competition from Chinese EV makers.\n<h3>Year-to-Date Magnificent Seven gain (loss)</h3>\nNvidia +20.13%\nMeta +6.26%\nAlphabet +4.79%\nMicrosoft +4.74%\nAmazon +2.24%\nApple -0.50%\nTesla -14.6%\n \nS&amp;P 500 +1.47%\nNasdaq Composite +2.0%\nDow Jones +0.46%\n<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$&nbsp;</a>&nbsp;\n<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;\n<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a>&nbsp;\n<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a>&nbsp;</body></html>","text":"Magnificent Seven-ex Tesla has driven the S&P 500 to close at 1.47% year-to-date after the first three weeks of 2024. 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