Here's the Magnificent Seven Stock I'm Loading Up On During the Current Market Sell-Off
The "Magnificent Seven" is the name given to seven of the most dominant tech companies: Apple, (NASDAQ: MSFT), Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla. Unfortunately, things haven't been so magnificent for these stocks over the past month or so, with none of the seven posting positive gains over that span.
Part of what has sparked this recent sell-off was Japan's decision to raise interest rates and the effect that has on investors (and many hedge funds) that engage in carry trades, a strategy where you borrow cheap money to invest in high-growth stocks, like the Magnificent Seven.
There's also the uncertainty lingering around the U.S. economy and fears about how that could play out. Despite all the uncertainty, Microsoft remains the stock I'd load up on during this time.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 109 Buy predictions and 2 Sell predictions.
With a target price of 426 € there is a slightly positive potential of 12.22% for Microsoft Corp. compared to the current price of 379.6 €.
