European stocks better bet than Magnificent 7, market expert says

Published 3 weeks ago Negative
European stocks better bet than Magnificent 7, market expert says
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STORY: "It's going to be very difficult to compute all of this spending and see the same types of return on investment that we've seen from the Mag 7 over the last 10 years," Weinand said. "You can't just go spend trillions of dollars and expect that to grow at 15 to 25% a year. So those numbers are getting just out of people's ability to actually compute what that means."Instead, Weinand said he'd "probably be a bigger buyer of the non-Mag 7," as well as European stocks like Siemens "that might play on some dollar weakness going forward."

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