Reported about 8 hours ago
The Magnificent Seven tech stocks—Meta, Microsoft, Alphabet, Amazon, Apple, Nvidia, and Tesla—have significantly outperformed the S&P 500, growing over 120% in two years. Portfolio manager John Belton from Gabelli Funds believes these companies have strong fundamentals and effective capital allocation, suggesting they may continue to thrive into 2025 despite market uncertainties. He specifically highlights Nvidia as undervalued and appreciates the solid performance of the group overall.
Source: YAHOO