2 Unstoppable "Magnificent Seven" Stocks to Buy and Hold Forever
The so-called "Magnificent Seven" stocks aren't all hype. This group of tech leaders has made it a habit to deliver market-beating returns. That's why they have earned the moniker, and why investors have flocked toward these companies, sending their market caps to stratospheric levels.
But even at these heights, there remain excellent reasons to invest in some members of the "Magnificent Seven." Here are two that I think are worth sticking with over the long haul: Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN).
Meta Platforms has proven that its business is incredibly resilient. Though the company struggled a couple of years ago due to mounting economic troubles, increasing interest rates, and lower advertising spending, Meta Platforms stayed the course and was able to bounce back. Revenue growth increased over the past few quarters, the bottom line got back in the green, and free cash flow is trending up, too.
Source Fool.com
Meta Platforms Inc. Stock
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 510 € there is a slightly positive potential of 10.23% for Meta Platforms Inc. compared to the current price of 462.65 €.
