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Why 'Magnificent Seven' could be hit harder than rest of S&P 500 on Trump tariffs

April 8, 2025
Source: cnbc.com cnbc.com
News Snapshot:
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. "As a result, the Magnificent 7 will be hit harder on their global earnings than other S & P 500 companies." Six of the seven companies got at...
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