BUSINESSMARKETWATCH
No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues
Citigroup argues it is time to retire the 'Magnificent Seven' stock grouping, as the group underperforms the broader market this year and the categorization is no longer valid. Strategists at Citi claim the term no longer reflects a coherent market segment.
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- Can the ‘Magnificent Seven’ save a stock market that might be doomed without them?
- The stock market has a ‘Magnificent Seven’ problem — but not the one bears are warning about
- Mag 7 Loses Market Swagger as AI Trade Spreads Beyond Behemoths
- Obscure volatility measure points to a 'Magnificent Seven’ earnings breakout