Jim Cramer drops shock call on Magnificent 7 stocks
At the center of today’s market rally, most countries have seven more companies than GDP came together.
Or MAG 7 should shorten for the stocks that Wall Street strengthens the largest release of Wall Street.
Apple Together (AAPL) Microsoft (MSFT) Alphabet (Googl) Amazon (Amzn) Meta Platforms (META) Nvidia (Nvda) and Tesla (TSLA) It represents the market value of about $ 20 trillion and the dazzling of the S&P 500’s weight.
This is actually the effects of portfolios in the world when these names skip, follow the entire market and wobble.
With this scale level, skeptics argue that meteoric runs are already peak and that their stocks are very crowded and large to continue to climb.
However, Jim Cramer seems to be not convinced by this logic. In fact, his last call is challenging the idea that these giants are approaching their borders.
Jim Cramer argues that investors are wrong when they assume that they are “behind the best days” up to MAG 7.
He said this mentality about “Mad Money” is perhaps one of the six most harmful words to your portfolio “. Instead of panic, he believes that investors need to keep calming. “Stop trade people,” he called. “Own, do not trade.”
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According to Cramer, MAG 7 shares unique advantages that allow them to continue to win. “First, all these companies have enormous balance sheets with all the money in the world,” he explained. “Secondly, they have scales. They can expand and expand with more touch everywhere. The third is always rediscovering.”
In addition, Cramer praised apple and FDA approval as a proof that the innovations of the time in detecting hypertension are strengthened. In addition, Elon Musk’s 1 billion dollars of Tesla shares purchase as a sign of a great conviction. Even the faster recovery of Nvidia from headlines about China strengthened his stance.
“And I will not tell you to sell heroes unless something makes you feel much less heroism,” Cramer said.
Related: Net Value of Jim Cramer: ‘MAD MONEY’ Stock Collection Superhost How much?
As mentioned earlier, the MAG 7 refers to the technology giant with seven mega caps that dominate the US stock exchanges. Especially in the field of AI, primary growth, innovation and investor sensation are seen as drivers.
