SPY News: Why the Magnificent 7's 'momentum is collapsing' - 23rd Apr 2024, 2:03am

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The run may be over for the seven stocks that drove the lion's share of the stock market rally over the past year.

UBS Investment Bank Chief US equity strategist Jonathan Golub downgraded six of the so-called "Magnificent 7" stocks — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Nvidia (NVDA) — from Overweight to Neutral in a new research note on Monday.

His call comes as the Magnificent 7, whichalso includes Tesla (TSLA), just had its larges...

>>> Read more: Why the Magnificent 7's 'momentum is collapsing'
 
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