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Big Tech Stocks' Reign May Falter in 2025, Morgan Stanley's Shalett Says [Yahoo! Finance Canada]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Most Read from Bloomberg Slowing profits “may surprise some of the die hards who are betting on these very high double-digit earnings numbers,” Lisa Shalett, chief investment officer for Morgan Stanley's wealth management unit, said Thursday in an interview on Bloomberg Television. “This idea that they as a group can trade together and lead the market may falter in 2025.” The so-called Magnificent Seven stocks — Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp., Nvidia Corp. and Tesla Inc. — are expected to post a combined earnings increase of 18% this year, down from a projected 34% for 2024, according to data compiled by Bloomberg Intelligence. This may explain why investors are growing increasingly wary of the group. The Bloomberg Magnificent Seven Total Return Index is on track for its fourth straight session with a decline of at least 1%, the longest losing streak of this magnitude since 2022. The gauge has never posted five consecutive days
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