Mag7

Weekly Update

On the MAG7, Armageddon, and Cheap Stocks


Published February 16, 2024

 

Below are excerpts from the recent edition of JP Morgan’s Michael Cembalest’s newsletter. In his latest letter, Mr. Cembalest runs through how the rally in the shares of the Magnificent Seven is primarily earnings-driven, the performance of the doom-and-gloomers on investment returns, and lastly, a review of some of the cheapest investments on the planet and whether the tumble in Chinese shares is worth buying. (more…)