The “Magnificent Seven” stocks are likely to be more impacted by retaliatory tariffs given that they get a substantial chunk of their revenue from foreign countries, according to an analysis from Apollo. “Roughly 50% of earnings in the Magnificent 7 come from abroad … that is higher than for the S & P 500, where the share is 41%,” Apollo chief economist Torsten Slok wrote in a note to clients on Monday.
Why ‘Magnificent Seven’ could be hit harder than rest of S&P 500 on Trump tariffs comes via ChinaTechNews.com.