2 "Magnificent Seven" Stocks Billionaires Are Buying
Billionaire investors generally choose stocks of profitable companies that can safely preserve and grow their capital over the long term. This is naturally leading many top investors to invest in the "Magnificent Seven" -- a group of elite tech companies that have a history of market-beating returns and hold dominant competitive positions in their respective markets.
Amazon (NASDAQ: AMZN) and Meta Platforms (NASDAQ: META) (formerly Facebook) are two Magnificent Seven stocks that billionaire investors Chase Coleman of Tiger Global Management and Stephen Mandel of Lone Pine Capital are bullish on right now. These investors hold large stakes in both stocks and were still buying more shares as recently as the third quarter of 2024.
Here's why these two stocks are no-brainer investments.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 11 Buy predictions and 1 Sell predictions.
As a result the target price of 627 € shows a slightly positive potential of 12.55% compared to the current price of 557.1 € for Meta Platforms Inc..
