2 No-Brainer "Magnificent Seven" Stocks to Buy and Hold Forever
The "Magnificent Seven" group of stocks has been a great cohort to own over the past year, and many are still great buys now. But there are only two that I'd consider no-brainer buys, as the rest may be slightly expensive or face various headwinds.
The two that are no-brainer picks right now are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). For a number of company-specific reasons, each one has the potential to crush the market in the latter half of 2024 and beyond.
Most of what you hear about Alphabet in the news lately is how it's struggling in the AI race. First, it was beat to the punch when integrating generative AI into a search engine. Then its ChatGPT competitor, Bard (now known as Gemini), answered a question incorrectly during its launch event. Recently, Gemini's image-creation feature created inaccurate images that didn't portray what it was asked for.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 89 Buy predictions and no Sell predictions.
As a result the target price of 186 € shows a slightly positive potential of 5.8% compared to the current price of 175.8 € for Alphabet Inc. A.
