Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

The latest news, headlines, and business stories for November 6

Nov 06, 2023 - businessinsider.com
Investment chief Richard Bernstein suggests that investors should focus on under-the-radar stocks rather than the much-hyped Magnificent Seven stocks. He views this as a "once-in-a-generation" opportunity, as the number of stocks making significant gains is expected to broaden, giving less popular stocks a resurgence. Bernstein's theory is supported by data showing that over 100 US companies saw at least 25% earnings growth in the past 12 months, but only one (Amazon) was a Magnificent Seven.

In other news, rapper Kendrick Lamar's new, no-frills phone has already sold out, Gen Zers are proving to be financially savvy with most already saving for retirement, and former President Donald Trump is expected to testify in the civil fraud trial against the Trump Organization. Martha Stewart also shared the five recipes she believes everyone should learn how to make.

Key takeaways:

  • Investors should focus on under-the-radar stocks rather than the much-hyped Magnificent Seven stocks, according to investment chief Richard Bernstein. He views this as a "once-in-a-generation" opportunity.
  • Bank of America's Sell Side Indicator suggests a 15.5% gain in the S&P 500 over the next year. This comes at a time when investors are unsure about the market's direction.
  • Top news over the weekend includes an Israeli minister being punished for suggesting a nuclear attack on Gaza, US sanctions on the Russian manufacturer of a 'kamikaze' drone, and accusations of sexual assault against Russell Brand.
  • Martha Stewart shared the five recipes she believes everyone should know how to make, including pies and a simple salad vinaigrette.
View Full Article

Comments (0)

Be the first to comment!