Why the Magnificent Seven is not this strategist's 'place to be'

  • As four of the Magnificent Seven prepare to release earnings results this week — Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon (AMZN) — the group of tech stocks has been noted to be underperforming a majority of their 200-day moving averages. Blue Chip Daily Trend Report chief technical strategist Larry Tentarelli comes on the Morning Brief to talk about Amazon's relationship with the broader retail sector and his cautious outlook on the Mag 7.