Aswath Damodaran, a finance professor at NYU’s Stern School of Business, says the "Magnificent Seven" stocks are a buy during corrections as most of them will keep generating money. The stocks – Tesla, Meta, Microsoft, Alphabet, Amazon, Apple and Nvidia – are some of the biggest worldwide, and have been responsible for an outsized amount of US equity-index gain for years. "As a value investor, I have never seen cash machines as lucrative as these companies are," Damodaran tells Bloomberg Television.
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News post in December 3, 2024, 12:05 pm.
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