RBC’s Calvasina: ’Magnificent Seven’ Stocks to See Earnings Competition
Lori Calvasina, RBC Capital Markets head of US equity strategy, says she expects energy and financial stocks to provide some earnings competition to the so-called “Magnificent Seven“ of the S&P 500 index. “The threat to tech going into next year is not that their earnings necessarily fall apart, but rather that there’s some competition,“ she says on “Bloomberg Markets.“
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Investors are worrying about Fed rate cuts under a different economic backdrop now: Lori Calvasina