The Magnificent Seven Stocks Are Roaring Again. Can They Keep Climbing?
The bullishness hasn't dried up. Jeff Buchbinder, chief equity strategist at LPL Financial, said Thursday that growth stocks, particularly those with ties to AI, were supported in the third quarter by strong earnings, expectations of AI-driven growth, and easing interest rates, which make borrowing less expensive. Wall Street analysts largely expect those trends to continue. There's wariness about a bubble in AI; Even Jeff Bezos has suggested that it's in a kind of "industrial bubble" in which it can be dif ...