Jeff Bezos and Tim Cook have something in common: their stocks are doing very well among the “Magnificent 7”. Getty images: Yuichiro Chino. Adobe Stock: Stock. Style picture alliance: Faye Sadou, Dennis Van Tine
Analyst Pascal Kielkopf from HQ Trust examined how certain S&P 500 stocks performed alongside the “Magnificent 7” or “Magnificent Seven” (Amazon, Apple, Nvidia, Alphabet, Meta, Tesla, Microsoft).
The financial expert wanted to show that companies outside of these giants can also benefit from their success.
Here you can find out which 5 stocks benefit the most from the tech giants.
Anyone who wants to invest money might immediately think of giants like Amazon and Apple – after all, they are part of the successful “Magnificent 7” or “Magnificent Seven”, which also includes Nvidia, Alphabet, Meta, Tesla and Microsoft belong. But what about the companies that are in the shadows of these usual suspects? Can an investment here also be worthwhile?
Pascal Kielkopf, capital market analyst at “HQ Trust”, examined the stocks from the S&P 500 and looked at which stocks were able to benefit from the success of the so-called Magnificent 7 – and which were not. HQ Trust is a Germany-based multi-family office that offers wealthy families a wide range of wealth management services. The trust is part of the Harald Quandt Group, which has its roots in the Quandt family, one of the richest and most influential entrepreneurial families in Germany.
We have looked at the analysis and summarized it for you.
The most important findings and how to understand them
20 S&P 500 stocks with the highest positive and negative correlation of relative returns to the Bloomberg Magnificent 7 Index vs. that of the S&P 500. HQ Trust
“Technology companies are closely linked to the development of the Magnificent 7.”