Futures Don't Mean Squat -- But Say What You Want -- I Prefer Green To Red -- July 15, 204

Good luck to all.

Locator: 48136INV.

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Tech

Intel (INTC): screenshot -- 12:18 a.m., Monday, July 15, 2024 --

Nvidia (NVDA): screenshot -- link here -- 12:18 a.m., Monday, July 15, 2024 -- 

This is such an incredible story, I will probably re-post as a stand-alone story.

• the article quotes NYU's Aswath Damodaran, Stern Business School:
  

• in recent interview with CNBC said that the Magnificent Seven stocks have become the "value stocks for investors who care about earnings and cash flows."
• the Magnificent Seven: in the last 18 months -- they've added $8.8 trillion in market cap
• perspective
• China, second largest market in the world, has a market cap of $12.1 trillion
• these seven stocks have added more in market cap than the entire (combined) German market, the French market, the Swiss market
• in the past: Damodaran had been consistently arguing that "major technology companies are fully or overvalued."
• in his latest interview: "before we dismiss the Mag 7 stocks as risky tech companies, we should keep in mind that these are the money machines in this market."

BUT he says that the market overall is in a "danger zone."

Long, long article.