Here's a surprise, the 'magnificent seven' might be a bargain
While US market barely budged overnight, we saw swings in commodities with gas, gold and Bitcoin falling. Investors are more focused on earnings, which are leading to divergence in stock performance. This includes the US megacap 'magnificent seven' stocks which are down up to 18% year-to-date, erasing 12-month gains for some of them. The drop is so severe there is now an argument that based on their fundamentals these stocks are looking like a compelling value opportunity.
Watchlist: Microsoft, Palo Alto Networks, National Australia Bank
Check out these stocks at www.moomoo.com/quote
The skinny
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