Instead Of Buying the Dip On "Magnificent Seven" Stocks Like Amazon, Consider This Growth Stock
The "Magnificent Seven" -- Apple, Microsoft, Nvidia, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon, Meta Platforms (NASDAQ: META), and Tesla -- have captured the spotlight this earnings season. And for good reason -- the group has been instrumental in leading the market higher in 2023 and 2024.
After blowing analyst earnings estimates out of the water, Meta Platforms surged as high as 11% on Aug. 1 -- only to give up most of those gains by close on Aug. 2 as a widespread sell-off in mega-cap growth stocks rippled through markets.
A weak unemployment report and Amazon's disappointing guidance were some of the catalysts driving the broader market sell-off. And although some investors may be tempted to buy the dip on Amazon, Meta looks like an even better growth stock to buy now.
Source Fool.com
Meta Platforms Inc. Aktie
Mehrere Buy-Einschätzungen bei Meta Platforms Inc., die die Sell-Zahlen überflügeln.
Ein leicht positives Kursziel von 500 € für Meta Platforms Inc. gegenüber dem aktuellen Kurs von 478.4 € wird gesehen.
