Analysis

The Investment Potential of 'Magnificent Seven' including GOOG, META, AAPL, and More, According to Expert

Published November 29, 2023

Investors are consistently seeking the next big opportunity in the stock market, aiming to enhance their portfolios with stocks that promise substantial growth. Gene Munster of Deepwater Asset Management has highlighted a select group of companies with the potential to experience significant share price increases in the year ahead. He has coined this group the 'so-called magnificent seven' and believes they should be considered for inclusion in most investment portfolios. Munster shared his insights on CNBC's "Squawk Box," where he particularly emphasized the opportunities lying within firms that have a market cap under $50 billion.

Unveiling the High Growth Prospects

Among the companies with remarkable prospects for growth, CRWD CrowdStrike Holdings, PLTR Palantir Technologies, and ETSY Etsy stand out as businesses with market caps below the $50 billion threshold. These companies have demonstrated unique business models and technological advancements that position them well for potential escalations in their stock valuations.

Technology and Digital Markets at the Forefront

Alphabet Inc. GOOG remains a dominant force in the technology sector. Since its restructuring in 2015, Alphabet has continued to innovate and expand its reach across various digital services. Similarly, Meta Platforms, Inc. META and Apple Inc. AAPL persist as key players, with Apple being the most valuable company worldwide and a pioneer in consumer electronics and software. The digital real estate landscape is also transforming, with Zillow Group, Inc. Z directing this space on mobile and web platforms.

Considering the Investment Landscape

These highlighted companies are at different stages of growth and market capitalization, yet each offers unique investment attributes. Investors are advised to examine each company's financial health, market position, and growth strategy to make informed decisions. As the market evolves, companies like CRWD, PLTR, ETSY, and Z may offer the kind of growth opportunities that could see their stock prices doubling or even tripling, as projected by Gene Munster.

investment, growth, stocks