The Magnificent Seven tech stocks — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — have dominated 2023’s headlines, as well as the S&P 500 (^GSPC). Continuously outperforming expectations in spite of higher interest rates, can these stocks keep their shine with the Federal Reserve signaling an end to rate hikes?
Envestnet Co-Chief Investment Officer Dana D’Auria joins Yahoo Finance to discuss stock market forecasts for 2024 and provides alternatives to the Magnificent Seven for investors to put in their portfolios.
D’Auria explains that since many companies have yet to figure out AI, it becomes “”a lot to expect, you’re pricing in a very rosy scenario in there”” when it comes to betting big on the Magnificent Seven, and therefore investors should broaden out their horizons with smaller cap stocks.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Hello hello can you see me… 😁
Do not used small clothes use medium size
Or, everyone is too pessimistic. In my humble opinion there’s a lot of fear and people are under invested currently
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies… I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-adviser whose been guiding me since the market’s been sham after the pandemic, to my utmost surprise I netted a whooping $280K during this dip, that made it clear there’s more to the market that we just don’t know
that’s impressive!, I could really use the expertise of this advisors , my portfolio has been down bad….who’s the person guiding you
I am guided by Margaret Johnson Arndt. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
This recommendation literally came at the right time, I’m down by $7k in stocks this week alone.. its crazy! I just looked up Margaret online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Seems that a lot of the analyst/pundents are hawkish regarding the Mag 7 and pushing small cap. Hmmmmm