As the third quarter earnings season gathers momentum, market participants will be focused on whether the “Magnificent Seven” companies can maintain the market-leading performance that has historically driven broad market gains. There is.
Nancy Tengler, CEO and Chief Investment Officer of Laffer Tengler Investments, joins Catalysts to share her perspective on Big Tech’s role in today’s market.
“When I look at reliable revenue growth companies, these companies check all the boxes. And if I’m worried about an economic slowdown, I’d rather own these companies than traditional defensive companies. “I think big technology is the new defensive company,” Tengler emphasized.
Although Tengler is bullish on the technology sector as a whole, he is selective among the Magnificent 7 stocks. She specifically singles out Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL) as standout companies.
However, Tengler took a more cautious stance on META despite its strong market performance. She says she has no intention of pursuing him.
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This post was written by Angel Smith
