The so-called “Magnificent Seven” stocks served as the backbone of the rally seen in 2023, and as the new year unfolds, most have maintained their uptrend amid volatility. However, one category of stocks has outperformed the “Mag 7’s” performance over the past 90 days, and a portfolio manager shared insights into the reasons for their exceptional performance. What Happened: Companies capable of generating robust cash flow are back in favor, according to Sarat Sethi, Managing Partner at Douglas C. Lane & Associates. Speaking on CNBC’s Last Call late Thursday, the portfolio manager remarked, “Th…
