For 3 of the asset manager’s top strategists, the notable exception is Tesla.
The pessimistic takes come after the third quarter’s rebound from the earnings recession.
The mega-cap tech giants appear invincible. But things always change in the market.
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
Their stocks have been flat, like the rest of the market, but profit expectations are high for Q3.
The Magnificent Seven tech giants will continue to dominate the index, critics say.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Apple, Amazon, Microsoft, Alphabet, and Tesla make up a core portion of both the S&P 500 and Nasdaq 100.