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Which Magnificent 7 Stock Will Do Best In Santa Claus Rally? Tesla Edged Out As 28% Select...

www.benzinga.com 20-12-2024 08:16 1 Minutes reading
Benzinga readers pick which Magnificent 7 stock could have the best performance if there is a Santa Claus rally to close 2024 and kickstart 2025.What Happened: The majority of the Magnificent 7 stocks have outperformed the S&P 500 year-to-date in 2024. With a limited number of trading days left to close out the year, one last question on the mind of investors is whether there will be a Santa Claus rally.The term “Santa Claus rally” was first used by Yale Hirsch in 1972 in the Stock Trader's Almanac. The term is associated with the last five trading days of a year and the first two days of the following year.Check This Out: Santa Claus Rally In 2024? Poll Shows Investors Split On End Of Year Returns, 57% Say This...Combine the Santa Claus rally potential and the Magnificent 7 outperformance in 2024, and you have the latest Benzinga poll."Which Magnificent 7 stock will do the best if there's a Santa Rally?" Benzinga asked.The results were:NVIDIA Corporation (NASDAQ:NVDA): 28%Tesla Inc (NASDAQ:TSLA): 25%Amazon.com Inc ...Full story available on Benzinga.com

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Google Announces Major Layoffs As Pichai Stresses Efficiency

Google (NASDAQ:GOOGL) has reduced its top management roles by 10% as part of a multi-year effort to streamline operations and boost efficiency.What Happened: On Wednesday, CEO Sundar Pichai revealed during an all-hands meeting that the move reflects Google’s broader push to simplify its structure and adapt to a rapidly evolving tech landscape.According to employees who attended the meeting, Pichai explained that the efficiency drive included changes to managerial, director, and vice president roles. Some positions were restructured to nonmanagerial roles, while others were eliminated entirely. The changes align with Pichai's 2022 statement that he ...Full story available on Benzinga.com

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