Why Retail Traders Are Over the Mag Seven

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 20 July 2026

⏱️ 14 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

P.M. Edition for July 20. The Magnificent Seven have dominated the stock market for years. But now, as markets reporter Hannah Erin Lang discusses, there are signs that everyday investors are buying fewer shares of the megacap tech companies as they look to find the next big AI stock. Plus, a judge puts a temporary restraining order on the $81 billion merger of Paramount and Warner Bros. Discovery. And how much coffee should you drink for a healthy heart? A new scientific statement from the American Heart Association has the answer… and it may be more than you think. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.

Transcript

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0:00.0	Access to affordable credit helps me pay my employees, but I don't really need it.
0:05.0	Infliction is killing me!
0:08.0	But who cares? Big retailers are making record profits!
0:12.0	That's why we support the Durban Marshall Credit Card Bill!
0:15.0	See? Banks and credit unions help small businesses make payroll.
0:18.0	This bill would cut the vital resources they need.
0:25.1	While increasing megastore profits, they deserve it. Don't they?
0:29.1	Tell Congress, stop the Durban Marshall money grab for corporate megastores.
0:31.3	Paid for by the Electronic Payments Coalition.
0:39.3	Retail investors are over the magnificent seven mega-cap tech stocks. They're just not what they're looking to for that aggressive, high-growth stock.
0:45.3	They're starting to realize that they're going to find that in other parts of the market, in newer AI plays.
0:52.3	Plus, a legal challenge for the $81 billion paramount Warner Brothers deal.
0:57.0	And it's not just Spain, winners of the World Cup might include ranch dressing.
1:01.9	It's Monday, July 20th.
1:03.6	I'm Alex O'SCelef for the Wall Street Journal.
1:05.9	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:17.4	We begin this evening in Shanghai, where China's biggest artificial intelligence convention
1:22.1	just wrapped up. And that's where Alibaba previewed its newest AI model that it says
1:27.4	is among the most powerful available today.
1:30.2	The company said Quen 3.8 Max is second only to Anthropics' most cutting-edge model, Fable 5,
1:36.5	and that Alibaba plans to make its model available for developers to download and modify soon.
1:41.8	Chinese AI models are gaining traction globally. Many of them are open source,
	...

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