The Weekend Edition - The fundamentals of the Magnificent Seven

Friday 3rd May 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.They dominated the global share market last year and many have enjoyed tremendous growth so far this year, with NVIDIA as the clear outperformer. Whilst there’s a been a bit of an adjustment lately, Katie Stockton, founder of Fairlead Strategies in Connecticut, says there’s still plenty of momentum and their own analysis points to prices pushing higher. Katie’s approach is to build a portfolio based on technicals. “I do read macro strategists work”, she says in this weekend’s podcast, ”but it won’t drive our decision making process”. In other words, any macro development will be reflected in the indicators they follow at some point. And those technicals are painting a positive picture for most of the big tech stocks right now.  Hosted on Acast. See acast.com/privacy for more information.