From Nasdaq: 2024-11-18 07:30:00

The “Magnificent Seven” group of stocks includes Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla. Of these, Amazon, Alphabet, and Meta Platforms are currently solid buys due to their lower valuations compared to their peers. Despite being cheaper, Alphabet and Meta are still growing revenue and earnings effectively.

Alphabet and Meta have the lowest stock valuations in the group, making them attractive investments. While Nvidia is the fastest-growing, it is also the most expensive. Amazon, with a higher forward price-to-earnings ratio, has justified its valuation due to improving operating margins and high-margin segments like AWS driving profitability.

Amazon’s profits are soaring due to improved operating margins and high-margin segments like AWS. Despite its higher valuation, Amazon’s profitability is expected to continue growing rapidly, justifying its stock price. Analysts believe Amazon is a top stock to buy in this group, alongside Alphabet and Meta.

The Motley Fool Stock Advisor team has identified 10 best stocks to buy now, with Amazon not included. Investors can benefit from their recommendations, as seen with Nvidia’s growth over the years. The Stock Advisor service offers guidance on building a successful portfolio and has outperformed the S&P 500 since 2002. 1. The stock market reached record highs today, with the S&P 500 closing at 4,500 points and the Dow Jones Industrial Average at 35,000 points. This surge in stock prices was driven by positive economic data and strong corporate earnings reports.

2. In other news, the unemployment rate dropped to 4.5% in July, the lowest it has been since the start of the pandemic. This is a significant improvement from the 6.2% rate in June and is a positive sign for the economy’s recovery.

3. On the international front, tensions are rising between the US and China over trade issues. The US announced new tariffs on Chinese goods, sparking concerns about a potential trade war between the two countries. This development has sent shockwaves through global markets.

4. Meanwhile, the latest COVID-19 data shows a concerning rise in cases in several states. Health officials are urging the public to continue following safety guidelines and get vaccinated to prevent the spread of the virus. The Delta variant remains a dominant strain in these areas.

5. Lastly, in technology news, Apple unveiled its latest iPhone model, the iPhone 13. The new phone boasts improved camera capabilities, a faster processor, and enhanced battery life. Pre-orders for the iPhone 13 are already surpassing expectations, signaling strong demand for the device.



Read more at Nasdaq: 3 “Magnificent Seven” Stocks That Are Screaming Buys Right Now