Howard Marks says good luck beating the stock market without Apple, other big winners this year

'The performance of the equity indices is often dominated by a few stocks or groups of stocks,' says Howard Marks, co-chairman of Oaktree Capital Management....

Investors are often enticed into “taking profits” in winning stocks, but people who sold shares of Apple or other “Magnificent Seven” stocks this year are probably falling behind the main equity indexes, wrote veteran investor Howard Marks, co-chairman of Oaktree Capital Management, in a memo to clients.

“The performance of the equity indices is often dominated by a few stocks or groups of stocks,” Marks wrote, in a Tuesday note. “The gains of the leaders can make them seem expensive, arguing for profit-taking.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple Watch price tracker: When to buy the Apple Watch 8 and the Apple Watch UltraHere's when you'll find the best price on the Apple Watch 8 and the Apple Watch Ultra.
Read more »

Apple's big event: Consumers likely to see new iPhone, Apple WatchApple will hold a widely-anticipated event Tuesday, with many expecting the tech giant to unveil new devices that could soon hit the market. One of those is the iPhone 15, according to reports.
Read more »

Apple Loop: iPhone 15 Pro Launch Dates Confirmed, iPhone 15 Delays, Apple’s Expensive China ProblemThis week’s Apple Loop includes iPhone 15 launch dates confirmed, iPhone 15 Pro details leak, iPhone 15 Pro Max delay, Apple’s budget MacBook, Apple’s Chinese ban hits stock price, and more...
Read more »

Apple is expected to announce new iPhones, Apple Watches and AirPodsThis year’s new iPhone will likely be branded as the iPhone 15, and the biggest change for the device could be a USB-C charging port.
Read more »

Apple event live updates: iPhone 15, new Apple Watch expectedThis year’s new iPhone will likely be branded as the iPhone 15, and the biggest change for the device could be a USB-C charging port.
Read more »

Apple event live updates: Get the latest iPhone, Apple Watch newsApple’s September event will likely showcase new iPhone 15s and Apple Watch series. Follow along for the latest updates and announcements live.
Read more »