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'LONG MAGNIFICENT 7' REMAINS MOST CROWDED TRADE, BOFA SURVEY SAYS Long positions in 'Magnificent 7' stocks--Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla--are considered the most crowded trade for the 18th consecutive month, Bank of America's September…
Long Mag 7/Short KWEB seems to be the crowded trade https://t.co/POJB8XQtYs
According to the BofA Global FMS, Long Magnificent 7 stocks — $NVDA, $AAPL, $MSFT, $GOOGL, $AMZN, $META, $TSLA — remains the "most crowded" trade at 46%, though it's now the least crowded since November 2023 (down from 53% in August). Short China equities is the 2nd most… https://t.co/5xZBxr2aW1
The 'Magnificent Seven' companies—Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla—reported a profit growth of 36% in the second quarter, which is strong but lower than the over 50% growth seen in the previous three quarters. According to the BofA Global FMS, long positions in these stocks remain the most crowded trade at 46%, though this is the lowest level since November 2023, down from 53% in August. The return on a $1,000 investment in each of these companies from the beginning of 2020 varies significantly, with Nvidia leading at $20,330 and Amazon at $2,018.
