00:00 Speaker A
the miserable seven, aka the Mag 7. I mean, all these stocks down double digits from their 52 week high. Is now the buying opportunity to these stocks?
00:07 Kenny
Strategically, not all of them across the board. Just don’t go in there, you know, blindly and buy everything. I think you have to look at the at the biggest names like Tesla, I’ve never owned it, so I’m not one that even though it’s down 25%, I’m not one that would jump in. But some of the other names, Microsoft, Nvidia, Apple, 100%. Meta and Google now because we’ve got that recent uh uh court action. I’d be a little bit careful because I think it’s going to open up the doors to so many more potential uh lawsuits like it did during, you know, when when the tobacco industry got slammed. But I think that too will pass. I’m just not sure so sure that right now is the time to jump in. I think there’s a little bit more downside risk in them. You can already see that there are there are a whole load of other lawsuits that are already being filed.
00:53 Speaker C
To Kenny’s point about uh Meta and um and and some of these other the social media sort of uh realm here. Um that is something that is uh has been also written about since since this uh ruling uh because it could open up now the door for other uh lawsuits to come through. And this could be the moment, the tobacco moment so so to speak for the social media industry. So it’ll be interesting to see what happens from here and how they navigate this.
