The Big Tech stocks known as the 'Magnificent Seven' are sitting on hefty gains this year, but one stands out for Jonathan Curtis.
The "Magnificent Seven" stocks have proved popular this year, but one growth investor says he is underweight the group. The Big Tech stocks known as the "Magnificent Seven" are Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla . So far, the stocks are sitting on hefty gains this year, even as some of them may have felt the pressure of the recent tech sell-off following mixed earnings reports.
mountain Year-to-date share movement of Microsoft and Nvidia "It doesn't matter where the stock has been. It's where the stock is going and what the earnings power is going to be going forward. And I think both in the case of Microsoft and Nvidia, their significant earnings power add to those businesses," Curtis said. Of the 54 analysts covering Microsoft, over 90% have a buy or overweight call on the stock, at a mean target price of $404.90, according to FactSet.
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