Dollar, ‘Magnificent Seven’ and 10-year bonds are punishing traders the most right now: strategist
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2025
0mins
Source: MarketWatch
Historical Context of Stock Market Concentration: In 1881, railroad stocks made up 63% of U.S. stock-market capitalization, prompting Bank of America strategist Michael Hartnett to question why the current tech group, the Magnificent Seven, only represents 35% of the S&P 500.
Comparison with Past Bull Markets: Hartnett draws parallels between the current concentration of megacap tech stocks and previous market trends, suggesting that there is no strong reason to believe the dominance of these stocks will not continue, especially given their connection to artificial intelligence advancements.
Analyst Views on MAGS
Wall Street analysts forecast MAGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAGS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 64.930
Low
Averages
High
Current: 64.930
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
