By coinnews 
00:00 Speaker A
Mag Man.
00:02 Speaker B
Yes. That’s your your version of your flavor of Mag 7. Um, what does that mean and why should people maybe be looking at that area right now?
00:13 Speaker B
So Mag Man is the largest uh mega cap tech stocks minus Tesla because we think that’s more of a car company. But that is one of my favorite areas in the market. Number one, I think there’s a big disconnect out there when it comes to what’s happening in their performance. If you look at Mag Man, they’re down about 13% year to date. Their earnings revisions have actually gone higher so far this year by about 0.2%. The rest of the market’s down 3%. Their earnings have been revised down 4%. So big difference there. And then when I look at valuations, believe it or not, those large cap tech stocks are the cheapest valuations versus the S&P since 2017. That’s a long time. I think that’s an opportunity. And when I look at what they’re doing with their cash hoard, they’re increasing their buybacks. That’s up 27%. I think that I know you had the previous uh speaker on. I think that when you look at the spending, the CAPEX, I still think it’s going to be relatively strong. Between those four hyperscalers he’s talking about, you’re talking about over $300 billion this year. I think that’s pretty robust spending. So I think that’s going to continue. And the last thing I’d say is that as opposed to where it was a year ago where everybody loved Big Cap Tech, now it’s got the largest underweight in institutional portfolios since 2022. So from a contrarian perspective, I think you could see those those stocks do well over the coming, you know, quarters.