My 2 Top "Magnificent Seven" Stocks to Buy in 2024 and Hold Forever
The so-called "Magnificent Seven" stocks didn't get that moniker for no reason. It refers to a group of tech companies that have historically delivered market-crushing returns and could continue to do so. No doubt, every single one of them is worth some consideration, and in my view, most have a place in most investors' portfolios.
However, two of these corporations, (NASDAQ: AAPL) and Meta Platforms (NASDAQ: META), are my favorites, although they are very close. Let's consider why these two tech juggernauts are excellent forever stocks.
Apple's market cap is inching closer to $3 trillion, and the company's biggest growth driver in the past 15 years, namely the iPhone, has lost traction. To be clear, the iPhone continues to generate tens of billions in sales every year for Apple and remains its largest category in terms of revenue. But it simply doesn't drive the same kind of top-line growth that it once did.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.15% for Apple Inc. compared to the current price of 201.65 €.
