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Perspectives on MAG 7 cash flows

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All Mag 7 components beat on bottom line estimates in Q3, with operating cash flows collectively hitting a record high. Investing and financing flows also reached records, as the companies continued to reinvest at high rates while increasing share buybacks and dividend payouts. Elevated capex spending could represent a risk for the Mag 7 during the next equity downturn.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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