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There Is No Magnificent Seven. There’s Simply the Magnificent One.

One of the more amusing aspects of the stock market these days is all the attention being paid to the Magnificent Seven tech companies and their eight stocks. The term was coined as a throwaway line in a May 2023 report by Michael Hartnett, chief investment strategist of BofA Securities. Hartnett, you see, is a fan of The Magnificent Seven, the classic 1960 gunslinging Western starring Yul Brynner and Steve McQueen. Read More...

One of the more amusing aspects of the stock market these days is all the attention being paid to the Magnificent Seven tech companies and their eight stocks. The term was coined as a throwaway line in a May 2023 report by Michael Hartnett, chief investment strategist of BofA Securities. Hartnett, you see, is a fan of The Magnificent Seven, the classic 1960 gunslinging Western starring Yul Brynner and Steve McQueen.

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