MAGNIFICENT SEVEN
Apple beats Microsoft to return as world's most valuable company
In the previous session, Apple shares soared to an all-time high following the unveiling of a range of AI-enabled features and software enhancements for its devices. Analysts believe these innovations will drive increased iPhone sales.
Meta’s 450% surge offers potential for next tech stock split
An uptick in stock splits this year has analysts eyeing Meta Platforms Inc, the only stock in the Magnificent Seven that hasn't split shares. Trading at over $500, Meta is seen as ripe for a split, benefiting from AI exposure, buybacks, and a dividend introduction.
Apple rises over 3%, hits first record this year on hopes AI will fuel upgrades
The record high followed Apple's annual Worldwide Developers Conference, where the company unveiled several AI-related features and announced a partnership with ChatGPT maker OpenAI. The event highlighted a clear AI strategy, addressing investor concerns about Apple's position in the AI-driven growth seen across Big Tech.
Nvidia's stunning gains increasingly power Wall Street's record run
Nvidia - which on Wednesday became the world's second-most valuable company following a 147% run this year - has alone accounted for about a third of the index's gain.
Asia shares inch higher before inflation tests
Asian shares edged higher on Monday as investors awaited a key U.S. inflation report that could impact interest rates. Thin trading was seen ahead of core personal consumption expenditures data, with risks on the downside.
Is Anand Mahindra planning to launch a luxury cruise ship? Tycoon drops pic of world’s largest cruise vessel, triggering speculations
Business magnate Anand Mahindra took to his social media handle on Sunday to share a captivating image of a luxurious cruise ship, disclosing that the ship has been fully booked until May 26. Additionally, he expressed his aspiration for India to venture into the creation of its own cruise ships, foreseeing a future where Indians, being one of the largest tourist demographics globally, will contribute significantly to the cruise industry.
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Jeff Bezos, Mark Zuckerberg lead the way in big tech insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $160 million since late 2023 after not cutting their stakes in as long as nine years, according to data compiled by Bloomberg.
'Magnificent 7' earnings under watch amid tech slump
But hope is on the horizon. Profits for the Mag Seven - which also includes Apple, Amazon.com and Nvidia - are forecast to rise 38% in the first quarter from a year ago, dwarfing the overall S&P 500's 2.4% anticipated year-over-year earnings growth, according to Bloomberg Intelligence data.
Which are the priciest & cheapest stocks in 'Magnificent Seven' group? Take a look
Meta's record-breaking, Al-fuelled rally has added $1 trillion in market value since its darkest days of 2022, and yet by some perspectives, it's still trading at a discount. Its shares traded 24 times estimated earnings this week, roughly in line with their 10-year average and just below the 25 times of the Nasdaq 100.
There are opportunities outside the 'Magnificent 7' stocks in S&P 500: Savita Subramanian
One of the reasons that I'm optimistic is that I'm surrounded by pessimists. The crux of our bullish outlook is that sentiment is still fairly tepid on equities. Subramanian says: "We would begin to get a little less enthusiastic when everybody else gets more enthusiastic. We would need to see a broadening out of the equity market."
Wall Street Week Ahead: Fracturing 'magnificent seven' trade puts spotlight on megacap valuations
Investors last year were happy to pay up for the megacaps, given the companies' solid balance sheets and dominant positions atop their industries. They have been more discriminating this year, punishing the shares of Tesla and Apple when their outlooks turned murky while fueling dizzying gains in Nvidia.
After stock collapse, is Tesla still magnificent?
Compare that to Nvidia Corp's 46% surge or Meta Platforms's 32% gain since the beginning of the year and it's easy to see where the questions are coming from. It's by far worst performer in Magnificent Seven Index this year.
The S&P 500 through the prism of a 'Magnificent 7'
Forget the long list of companies that pushed the S&P 500 to a new high this month. All investors needed to mint bumper returns were the "Magnificent Seven."
2,000-yr-old Roman home with a magnificent mosaic unearthed
The building, which dates to between the second half of the 2nd century BC and the end of the 1st century BC, is "an authentic treasure", Culture Minister Gennaro Sangiuliano said in a statement.
The magnificent seven: Indian athletes that stood out at Hangzhou Asian Games
Boria Majumdar, author of Olympics: An India Story selects 7 stand-out athletes from the Hangzhou Asian Games to present a snapshot of a sporting nation on the rise.
Magnificent 7: What's behind the tearaway rally in US tech giants?
The tech-heavy Nasdaq 100 has surged 42% since January 1, its best half-year performance in over 20 years, fuelled by a rush for artificial intelligence (AI).
Series on Hollywood classic film 'Magnificent Seven' in the works at Amazon
Pizzolatto previously co-wrote 2016 movie 'The Magnificent Seven', a remake of the John Sturges classic that was itself inspired by Akira Kurosawa's 1954 Japanese movie 'Seven Samurai'.
Hindu temple opens its doors in Dubai; check out these magnificent pictures
The community-run Hindu Temple Dubai is an illuminating structure of devotion and coexistence. It has taken the Hindu Temple Dubai trustees three years to bring this dream to a reality.
Magnificent flypast at Republic Day parade by 75 aircraft
The flypast at the Republic Day Parade concluded with 17 Jaguar fighter aircraft flying in the 'Amrit' formation to commemorate the 75 years of Independence.
IPL 2021: Magnificent Shikhar Dhawan takes DC to emphatic win over Punjab
Shikhar Dhawan looked in sublime form during his 49-ball knock that was studded with 13 fours and two sixes. Dhawan, however, fell eight short of a brilliant century when he was cleaned up by Jhye Richardson (2/41) in the 16th over.
Google celebrates Children's Day with a 'Walking Tree' doodle by seven-year-old
This year’s theme of the competition was ‘When I grow up, I hope...'.
Magnificent Rohit Sharma leads India to another series win
The legend of Rohit in white ball format continued to grow exponentially as his unbeaten 111 off 61 balls helped India score 195 for 2 after being put into bat.
After seven decades of Partition, how different does Pakistan feel from India?
While India is often presented as an economically dynamic democracy, Pakistan is mostly painted as a militarised Islamic state that breeds terrorism.
Narasimha Rao was magnificent, government now too clever by half: Jairam Ramesh
"We either make our leaders into gods or condemn them as villains — leaders make mistakes, apparent with the benefit of hindsight."
Chris Pratt to star in 'Magnificent Seven' remake?
'Guardians of the Galaxy' star Chris Pratt is in talks to join the remake of 'Magnificent Seven'.
If you’ve seen the Seven Wonders of the World, set new targets
If you’ve seen the Seven Wonders of the World, here’s a new target: Tick off all the newly christened architectural sensations that continue to captivate the imagination of millions across the world.
Jordan: Biblical aura and its magnificent natural beauty
Vast arid landscape of rumpled ridges and cliffs seemingly on the verge of tumbling into the valley; mangled stones and rocks that resembled grey whales strewn around in a fit of divine fury.
Oppn's 'Magnificent Seven' refuse to apologise
Rajya Sabha is yet to revoke the suspension of the seven members who were suspended for unruly behaviour on Tuesday.
Victoria Falls: Unspoilt wilderness & thundering magnificence
Unspoilt wilderness and the thundering magnificence of the Victoria Falls are the centrepieces of Zambia's pristine charm.
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