From Nasdaq: 2024-03-30 07:09:00

The “Magnificent Seven” stock club, nearly a year old, sees Tesla and Apple underperforming the S&P 500. Apple investors have lost money since the club’s inception. However, these companies are still market giants with popular products. There is a potential surge in the crypto market, prompting consideration of adding Coinbase to the Magnificent Seven.

Coinbase fits the description of the Magnificent Seven with its innovative and financial prowess. It stands at the forefront of the cryptocurrency revolution, positioned to capitalize on upcoming industry milestones and technological advancements. The company’s strategic position in the digital assets landscape and the potential for increased market activity make it a strong contender for elite stock market status.

While Coinbase’s success is not guaranteed due to regulatory challenges and potential technical vulnerabilities, its growth prospects look promising, offering potential gains for shareholders in 2024 and beyond. Adding Coinbase to the Magnificent Seven could position analysts as visionary geniuses as the crypto market takes off again.

Before investing in Coinbase Global, consider the top 10 stocks identified by The Motley Fool Stock Advisor analysts that could bring significant returns in the coming years. Stock Advisor offers guidance on building a successful portfolio and provides regular updates and new stock picks monthly. Investing in Coinbase Global remains a strategic decision amidst the evolving landscape of digital assets and the cryptocurrency market.

Read more at Nasdaq: Forget Apple: I Think This Stock Should Replace It in the “Magnificent Seven”