Tech Giants May Continue Gains But Risks Loom As Traders Crowd Popular Stocks
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Mega-cap tech stocks like the Magnificent Seven still have room to rally despite crowding concerns.
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Less crowded trades like airlines could benefit from strong consumer spending and overly bearish sentiment.
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Gains may be strong but fleeting as markets could soon price in an economic slowdown.
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Hedge funds have cut shorts on mega-cap tech and raised them on the broader market.
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Retail investors still have room to increase purchases in mega-cap tech names besides Tesla.