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Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says

In an interview with BNN Bloomberg, Aswath Damodaran, a finance professor at NYU Stern School of Business, advised investors to consider buying into the "Magnificent Seven" tech companies during market corrections. He highlighted that while these companies, including giants like Apple, Microsoft, and Amazon, have seen significant growth and high valuations, they are not immune to market downturns. Damodaran suggests that any dips in their stock prices could present buying opportunities, especially for long-term investors, as these firms continue to innovate and expand. He cautions, however, that investors should be wary of overpaying during peak times and should look for value in these stocks when the market corrects, potentially offering better entry points for investment.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/business/company-news/2024/12/03/buy-magnificent-seven-on-corrections-nyus-damodaran-says/ ]