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Luke Kawa

Zero Magnificent 7 stocks are beating the S&P 500 over the past three months

An exclamation point for my recent screed on why the “Magnificent 7” moniker is not long for this world:

All seven are now lagging the S&P 500 over the past three months. It’s the first time since November 2022 — a period that encompasses the final phase of selling in the last bear market and the start of the bull market we may still currently be in — that no member of the cohort has outperformed the S&P 500 over a 63-session stretch.

Back then, “Magnificent 7” as a title for these stocks didn’t even exist!

Each unhappy family is unhappy in its own way.

Meta became the final member of the group to falter with Tuesday’s big drop, which saw the stock go negative on the year for the first time. Like Alphabet and Amazon, it closed at 2025 lows. Nothing out of Nvidia is rejuvenating the bulls. Apple is floundering on AI, which is putting a ceiling on iPhone upgrade cycles. Microsoft is even down over the past year. As for Tesla, well, there’s no shortage of reasons why that stock’s postelection romp higher has taken a turn for the worse.

The S&P 500 is off 7.2% over the past 63 sessions. While Meta is barely lagging the benchmark US stock index, most members of the cohort have fallen about twice as much and Tesla has nearly halved during this span.

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Crocs rises on new marketing campaign for HeyDude brand starring Sydney Sweeney


Sydney Sweeney has great... feet?

Shares of Crocs are rising after the footwear company’s HeyDude brand unveiled a new marketing effort starring actress Sydney Sweeney for its Austin Lift shoe line.

Sweeney’s controversial ad campaign for American Eagle spurred a massive jump in the denim maker’s shares, caught the attention of the president, and prompted “an uptick in customer awareness, engagement, and comparable sales,” per American Eagle’s management.

Sweeney was first announced as HeyDude’s global spokesperson in August 2024, and doesn’t seem to have given the brand a major boost so far.

Ford and GM reach 52-week highs as EPA seeks to repeal emissions rules

Shares of Ford and GM are each trading at 52-week highs on Friday, as investors pile into gas-powered US automakers with the looming end of the EV tax credit and the Trump administration’s potential repeal of vehicle emissions standards.

A lobby representing Ford, GM, and nearly all other major automakers has expressed support for the EPA’s proposal to repeal the long-standing endangerment finding that declared greenhouse gases a threat to human life. The finding provides the legal foundation for the EPA to regulate vehicle emissions.

Yesterday, EV giant Tesla urged the Trump administration to keep the standards in place.

Friday afternoon saw Ford shares reach their highest level since July 2024, while GM’s stock hit highs not seen since January 2022.

Citi equity analysts on the key valuation issue facing the market.

Citi’s US market analyst on the key valuation test facing the market

“It kind of comes down to, what inning do you think we are in this AI game?”

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GameStop surges as company offers promotions to boost launch of “Pokémon” Mega Evolution set

GameStop is jumping as the company offers promotions to boost interest for today’s North American launch of the Mega Evolution set of the “Pokémon Trading Card Game.”

Options activity is a little more tilted to the bull side than usual. Over the past month, a little less than four calls have changed hands for every put option. As of 10:22 a.m. ET, that ratio is over five to one.

It’s a big day for collectibles fans and gamers alike: beyond the “Pokémon TCG” drop, there are also new collections from “Yu-Gi-Oh! and Magic: The Gathering being released and EA SPORTS FC 26, as well.

As we’ve written, Pokémon trading cards have been skyrocketing in value, and GameStop’s collectibles business has been accelerating. These are two sides of the same coin.

Mega Gardevoir... here I come!

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