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Just Another Magnificent 7 Article
If it's a slow news day and you're the financial media, you can always compel a recently-graduated journalism major, a new hire or a junior team member to pen something generic about extreme market concentration.
It's an easy task. Anything with "Magnificent 7" or Nvidia in the title will probably work, where "work" means generate enough clicks to keep the lights on.
If you're Bloomberg, and you're going to publish on the terminal, you do want to be careful not to accidentally blast out the dr
I knew you used AI to generate those images
Well, we are starting another earning season. As of today, 16% of the S&P 500 has reported (including none of the Megas) and 61% by count (70% by market cap) have beaten 3Q consensus revenue and 80% (93%) beat 3Q EPS, 54% (64%) have had 4Q consensus revenue rise and 47% (57%) had 4Q consensus EPS rise. Average price change on report has been 1.5% by count (2.0% by cap). Best reactions to reports so far in Comm Srvcs, Financials, Info Tech; worst in Energy, Health Care, Real Estate. Disclaimer: just my tracking, which could be wrong.