A new cohort of stocks may be emerging to steal the crown from the “Magnificent Seven,” according to Evercore ISI. While the Magnificent Seven tech titans have boosted stocks to record highs, signs have already emerged that not all of those names will continue their ascent. By far, the two laggard stocks in the Magnificent Seven basket this year have been Apple and Tesla , plagued by weakened sales in the China market and down 10% and 28% this year, respectively. Apple’s iPhone sales in China plummeted 24% in the first six weeks of 2024 , according to Counterpoint…Read More