DoubleLine Founder Jeffrey Gundlach shares his advice for investors who have concentrated their wealth in the Magnificent Seven tech stocks — comprised of Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA). Gundlach spoke to Yahoo Finance Executive Editor Brian Sozzi exclusively as part of Yahoo Finance Invest on November 7, 2023.

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Jeffrey Gundlach, the CEO of DoubleLine Capital, is making waves in the financial world with his bold prediction about the stock market. According to Gundlach, the “worst performers” in the event of a recession will be the Magnificent 7 stocks.

Gundlach’s statement comes at a time of increasing economic uncertainty, with many analysts speculating about a potential recession on the horizon. In a recent interview, Gundlach expressed his belief that the technology giants known as the Magnificent 7 – Facebook, Amazon, Netflix, Google (Alphabet), Microsoft, Apple, and Tesla – will not fare well in the event of a downturn.

These large-cap tech stocks have been driving the bull market for several years, but Gundlach believes that their bubble may soon burst. He pointed to various factors, such as high valuations and potential regulatory scrutiny, as reasons for his bearish outlook on these companies.

Gundlach’s prediction has garnered attention and sparked debate among investors and analysts. While some agree with his assessment, others remain skeptical, citing the resilience and dominant market positions of the Magnificent 7.

Regardless of one’s opinion on Gundlach’s forecast, it is clear that his words hold weight in the financial world. As the head of DoubleLine Capital, which manages over $140 billion in assets, Gundlach is a respected figure with a track record of successful investment strategies.

Investors and market watchers will be keeping a close eye on the performance of the Magnificent 7 stocks in the coming months, especially in light of Gundlach’s prediction. Whether his forecast proves to be accurate or not, it serves as a reminder of the importance of diversification and careful consideration in a volatile market climate.

As always, it is essential for investors to conduct thorough research and seek professional advice before making any investment decisions. Only time will tell whether Gundlach’s prophecy about the Magnificent 7 stocks will come to fruition, but for now, it has added an intriguing element to the ongoing discussion about the future of the stock market.