Episode 64: The Latest on the Magnificent Seven Stocks and Warren Buffet’s Annual Letter for Shareholders

The Latest on the Magnificent Seven Stocks and Warren Buffet’s Annual Letter for Shareholders

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle start by giving an update on the performance of the Magnificent Seven stocks and how they have done year-to-date in 2024. 

Then review Warren Buffett’s Annual Letter to Shareholders of Berkshire Hathaway. 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #64! 

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.  

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital. 

In this episode, we will discuss the following points: 

  • First, we will give you an update on the performance of the Magnificent Seven Stocks and the lessons investors should retain when investing in these high-flying stocks. 

  • And next, for our second topic, we will review Warren Buffett’s Annual Letter to Shareholders of Berkshire Hathaway  

Enjoy! 

2) UPDATE ON THE PERFORMANCE OF THE MAGNIFICENT SEVEN  :

François Doyon La Rochelle:  In our first topic today, we will review the performance of the Magnificent Seven stocks and how they have done year-to-date in 2024. We will ask ourselves if it has been worthwhile to chase these high-flying stocks. 

James Parkyn:  Yes François, but before we go into the details, I just want to give our listeners a quick reminder of where that catchy label for these high-performing stocks came from. They may remember that at first, in the mid-2010s, the acronym FANG, popularized by Jim Cramer on his CNBC TV Mad Money show, was used to label a group of stocks namely, Facebook (now Meta), Amazon, Netflix, and Google (now Alphabet), who had spectacular growth and performance.  Later in that decade, Apple was added to the group and another A was added to the label FAANG. Then, early in 2023, the term FAANG was replaced by The Magnificent Seven to label a group of seven mega-cap market-leading stocks. The companies in that group are Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. You will notice Microsoft and Nvidia were added but Netflix is no longer there. …Read More