Zacks Market Edge podcast, hosted by Tracey Ryniec, discussed the end of the “Magnificent 7” stocks, including Alphabet, Meta Platforms, Apple, Microsoft, Tesla, NVIDIA, and Amazon. Despite past success, recent performance shows some stocks not outperforming the S&P 500, prompting consideration of new additions like Eli Lilly. NVIDIA remains a standout performer.
Tesla, once added to the “must-own” list, is now facing challenges, with earnings expected to drop in 2025. NVIDIA, on the other hand, is thriving, with impressive earnings growth rates. Eli Lilly, a pharmaceutical company, is making waves with new drugs and strong earnings growth. The Magnificent 7 list may need reshuffling to reflect current market trends.
Investors are questioning the inclusion of Tesla in the Magnificent 7 as its performance lags behind expectations. NVIDIA continues to impress with strong earnings growth and an attractively priced stock. Eli Lilly, a pharmaceutical giant, is gaining momentum with new drug offerings and robust earnings growth. The future composition of the Magnificent 7 remains uncertain.
Listeners are encouraged to tune into the Zacks Market Edge podcast to explore Tracey’s insights on the “Magnificent 7” stocks and potential replacements. With changing market dynamics, staying informed is crucial for making strategic investment decisions. Stay up-to-date with the latest trends and stock analysis to navigate the ever-evolving market landscape. Zacks Investment Research has identified 5 stocks set to potentially double in the coming year, with previous recommendations soaring as high as +232%. These picks are flying under Wall Street radar, offering a great opportunity for investors. For more information and to download the free report, visit the provided links.
Please note that the returns mentioned are from hypothetical portfolios of stocks with Zacks Rank = 1, not actual portfolios. The S&P 500 is an unmanaged index. Visit the Zacks Investment Research website for detailed performance numbers. Remember, past performance is not indicative of future results.
Read more at NASDAQ: Zacks Market Edge Highlights: TSLA, NVDA and LLY