Where the Mag 7 sit
Seven companies people talk about as one block. Put each inside its own 12-month range and two of them are nowhere near the rest.
Where each of the seven is standing inside its own year.
The bar is that company's own 52-week high at the top and its 52-week low at the bottom. The mark is Friday's close. The percentage is simply how far up its own range it sits.
Near the top: Nvidia at 85%, Amazon 73%, Microsoft 73%, Alphabet 71%, Apple 68%.
Near the bottom: Meta at 26% and Tesla at 22%.
Meta's high was set a year ago this week, at about $794, and it closed Friday at $590. Tesla peaked at $498.83 in December and closed at $342.27, having made its low of the year on 29 July.
One thing about the colours before anything else: the two red bars are red because the price sits in the bottom third of its own 12-month range, and nothing more. Red here is not a verdict on the company and not a signal about the stock.
What this is not: a return. A company sitting at 22% of its range has not fallen 78% - Tesla is down about 31% from its high. And it is not a judgement about value. A stock near its low is not cheap and a stock near its high is not expensive; the range says where the price has been, not what the business is worth.
What it is good for: seeing that a group people describe as one trade is not moving as one trade. Five of these are within a third of their high and two are closer to the floor of their own year than the ceiling.
One note on the numbers: providers quote 52-week highs a dollar or two apart depending on whether they use intraday prints or closes, and Meta's high is right at the edge of the window - it rolls out of the 52 weeks in days. The positions do not change either way.
Next week: the same seven, by what they earn.
