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Aswath Damodaran, a finance professor at New York University, has advised investors to consider purchasing shares of the 'Magnificent Seven' stocks during market corrections. He highlighted that these stocks, known for their strong profitability, are likely to continue generating substantial cash flow. Damodaran's insights align with the recent performance of the Magnificent Seven, which have surged 60% year-to-date and are poised for their second consecutive annual gain exceeding 50%. This follows an impressive 110% return recorded in 2023. The Magnificent Seven is on track to finish positively for the eighth time in the last nine years, indicating sustained investor confidence in these top tech stocks.
BREAKING: Magnificent 7 stocks are up 60% year-to-date and on track for their second annual gain of over 50%. This is following a whopping 110% return recorded in 2023. The Magnificent 7 is set to finish positive for its 8th year out of the last 9. Since the beginning of 2023,… https://t.co/hjvUucVcpt
Buy the Magnificent Seven stocks on corrections, says NYU Finance Professor Aswath Damodaran. Hopefully, this works out better than his last 2 ideas 🤦♂️: https://t.co/KbQidqetTA
Here is an index for Mag 7 via the $MAGS ETF It hit an all-time high today, whereas all other major indices are in the red. I make the case for the Mag 7 rotation thru year end below. https://t.co/SFpYXMqYmw https://t.co/aVs4F0ctt6
