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0.00144128025446047 0.000894587744147939 -0.00198797276477315 0.00149097957357976 -0.000646091148551242 -0.0176432582873615 -0.0198300283286119 -0.0198300283286119
Stock impact report

Wall Street Lunch: Staples Overtake Mag 7 Ex-Tesla On Forward Valuation [Seeking Alpha]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Investors rotate from AI to A1 as breadth increases. (0:16) Krispy Kreme and Shake Shack surge on earnings. (1:13) S&P 500 triggers sixth Hindenburg Omen signal. (3:26) This is an abridged transcript of the podcast: Our top story so far, investors are going from AI to A1. Looking at forward valuations, the premium investors were paying for the mega caps has faded — and they're now willing to pay up for household goods and pantry fillers. Neil Sethi of Sethi Advisors flagged a chart from Matt Cerminaro showing that the average forward P/E of the Magnificent 7 excluding Tesla — Apple ( AAPL ), Amazon ( AMZN ), Alphabet ( GOOG GOOGL ), Meta ( META ), Microsoft ( MSFT ) and Nvidia ( NVDA ) — is now below the Consumer Staples ( XLP ) sector. And today's hardware-led selloff — with Nvidia sliding while staples hold steady — is only reinforcing that shift. Sethi noted that staples' forward P/E has climbed to its highest level in at least a decade, while the top six megacaps have Show less Read more
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