Discover the “Magnificent Seven” stocks that have caught the attention of many investors. These tech companies have not only delivered exceptional returns over the past year but also possess strong brands, a growing customer base, and impressive profitability. These are the qualities that make them an attractive investment option for any investor.
In the last year, the Roundhill Magnificent Seven ETF has outperformed with a 51% return, surpassing the Nasdaq Composite’s 32% and the S&P 500’s 23% return. While there is speculation about how long this group will continue to outperform in the near future, it’s worth noting that most of these stocks trade at significant premiums to the average stock in the major indexes based on their price-to-earnings (P/E) ratio.
Among the seven, Nvidia (NASDAQ: NVDA) stands out as the most expensive with a trailing P/E of 77. Despite its high valuation, the company’s exceptional growth and future potential could justify further highs for years to come. This is why the stock remains a core holding in many portfolios.
Unveiling Nvidia’s Growth Potential
Nvidia is currently reaping the benefits…
2024-03-15 16:00:00
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