That, along with another gauge, has analysts at Trivariate Research not all that pumped about the Mag Seven.
Trivariate’s team thinks the stocks won’t perform as well as the Nasdaq based on free cashflow yield, which measures free cash flow by its market valuation.
Others think investors should be still looking for stocks in more value-oriented sectors instead of the Mag Seven.
One is Will McGough, deputy chief investment officer with Prime Capital Financial. He told Barron’s that he expects the big techs to remain volatile for the foreseeable future. McGough prefers less risky stocks like Procter & Gamble and Walmart and thinks that the rally in European stocks that has taken hold this year may only just be beginning.
Want to read the full article? Check it out here. Please note, a subscription may be required to view the full article.
