Should SpaceX Join the "Magnificent Seven"? Here's 1 Stock I'd Kick Out to Make Room.
SpaceX would be right at home among the "Magnificent Seven."
Overview
When Bank of America chief investment strategist Michael Hartnett pinned the "Magnificent Seven" name on a group of megacap companies back in 2023, those giants were in fact the most dominant tech stocks in the market. In order of their market caps today, they are:
These seven companies have remained dominant, but other tech players have risen into powerful positions since this grouping was formulated.
Details
One that many investors are curious about is Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX. SpaceX went public in June, and is already making waves with its rapidly growing businesses and exciting technology.
Source
Originally published at www.fool.com.
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