New York University finance professor "sells goods" leading the rise of the U.S. stock market's "Magnificent Seven": buying on dips is the right strategy

Zhitong
2024.12.03 07:13
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Aswath Damodaran, a finance professor at New York University, stated that the "Magnificent Seven" tech giants in the U.S. stock market are a good buying opportunity during market adjustments. He believes these companies will continue to generate strong cash flows, with solid fundamentals, especially the seven tech giants including NVIDIA, which have strong profitability. He advises investors to buy these companies on dips during market downturns to drive growth in the U.S. economy and the U.S. stock market