Jim Cramer Applauds The Resilience Of His ‘Magnificent Seven’ Tech Giants Amid Bond Market Surges
CNBC's Jim Cramer highlighted a select group of mega-cap tech stocks, which he fondly dubbed the "Magnificent Seven," as the only ones capable of competing effectively with the bond market. These seven tech giants are Apple, Alphabet, Meta, Amazon, Microsoft, Nvidia, and Tesla.
In a market environment where most stocks struggle against the gravitational force exerted by rising bond yields, Cramer emphasized that these particular Nasdaq Composite stocks have the resilience to hold their ground.
Cramer elaborated on his selection, explaining that these companies possess robust balance sheets and enjoy sustained demand for their products, which sets them apart from the rest of the market. These Magnificent Seven stocks not only have substantial cash reserves but are also generating sub...