Is It Time To SELL Your MAG 7 Stocks?

Mary Ellen McGonagle, author MEM Edge Report, reviews the sharp rotation that took place in the markets after inflation data came in below estimates. She also highlights new areas of possible leadership as interest rates decline. Most importantly, she shares the best way to uncover leadership names that are in new uptrends.

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00:00 - Welcome!
00:56 - Headline News: INFLATION DATA!
01:47 - S&P 500 ($SPX), S&P Equal Weight ($SPXEW)
03:38 - Real Estate Sector (XLRE), Financials (XLF), Utilities (xlu)
05:30 - Industrials (XLI), Health Care (XLV), Communications (XLC)
06:55 - Biotch ETF (IBB), Russell 2000 (IWM), S&P Retail ETF (XRT)
08:50 - Homebuilders (XHB), Software ETF (IGV), ServiceNow (NOW)
10:45 - 10-Year Yield ($TNX), Semiconductor ETF (SOXX), Technology Sector (XLK)
12:39 - Intercontinental Exchange (ICE), Ford (F), Prologis (PLD)
16:04 - Meta Platforms (META), Chipotle (CMG)
17:49 - Nasdaq 100 Members: Amgen (AMGN), Regeneron (REGN)
20:40 - 3M (MMM), LendingTree (TREE)

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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[jimrobertson]

I'm seeing more and more headlines every day saying to get out of the MAG7 stocks. Makes me wonder if that many people can be right.

[andybromley]

I'm not sure if you answered the question of is it time to sell the Mag 7.

[roldancrespo]

Thank you Mary! Your segment has become a must watch for me every Saturday...love your tips 🙏🏼🌅

[mindytran]

Me too. I'm not sure if you answered the

[damonkatos]

They were calling for the top of mag 7 yesterday. How things change in one day.

[simpiwemaqwara]

You're always helpful Mary.Thanks

[bruceclarkson]

hi Mary Ellen. You are one of the best on stockcharts. Love your work. Question. A few years ago you mentioned on simpler that you were looking into options. Did you have success on that front?

[arguellozelaya]

So, I saw the whole video and you didn’t mention the mag7.

[sohailhines]

For names like Adobe and CRM, being up or down 1.5% is not at all unusual so the correlation with any news event or report may not be especially reliable IMHO.

[kodiakgriz]

Curious no mention in bizNews ISM sub 49.. deflationary.. last two times 08-09 2020 quickly... Fed always slow in changeup... Love kashkaris of world still hawkish.... comical.... TY M!