But can the Magnificent Seven continue to beat the market in 2024? Wilson noted that positive earnings revisions are one thing they've had in common in 2023 - a year when most companies had negative earnings revisions.
'So what you have is a real bifurcation of kind of the haves and the have nots,' he told CNBC's ' Street Signs Asia ' at the Morgan Stanley Asia-Pacific Summit 2023 in Singapore. market: Large-cap quality stocks have performed exceptionally well, while the 'lower quality' smaller-cap companies have been mired in an earnings recession. equity strategist at Morgan Stanley, however, pointed to the 'dispersion' in the U.S. The S & P 500 has rocketed nearly 19% in the year to date. The group comprises Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla, some of which have benefited from the buzz around artificial intelligence despite rising rates this year. Much of the gains in the S & P 500 this year can be attributed to the 'Magnificent Seven' stocks. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
