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Should Netflix Replace Tesla in "Mag 7"? ETFs in Focus
NFLXNetflix(NFLX) ZACKS·2024-10-29 19:01

Electric vehicle giant Tesla (TSLA) hit headlines recently with an impressive third-quarter earnings report, sending its stock soaring in one of its biggest single-day gains in a decade. Last week, the Tesla stock jumped about 23% primarily due to margin improvement and an upbeat outlook (read: Tesla Records its Best Day in 11 Years: 5 ETF Winners). Despite this surge, Wall Street remains divided over Tesla's place in the "Magnificent Seven" — a group of market-dominating tech giants, including NVIDIA (NVDA ...