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05.07.2024 13:00:00

2 "Magnificent Seven" Stocks to Buy Right Now

Bank of America analyst Michael Hartnett took a cue from a classic Western film last year when he expanded on the idea of the FAANG stocks, dubbing his new set of the most important companies on Wall Street the "Magnificent Seven." These commanding megacaps are:All of them remain dominant forces in today's market -- other than Tesla, which is struggling with slowing EV sales. Two of them in particular look like top-tier buys preparing to crush the market right now: Alphabet and Meta Platforms.While both Alphabet and Meta are involved in artificial intelligence (AI), their businesses are far more diverse than that. AI may grab headlines, but the bigger business for both companies is the advertisements they serve up along with the content and search results their users are after.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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