The S&P 500 index has been hitting record highs thanks to the “Magnificent Seven” stocks. While some of these stocks may seem overvalued, there are still solid investment opportunities within this group. In a recent video, Fool.com contributor Matt Frankel, CFP®, shared the two Magnificent Seven stocks he owns and which one he believes is the most promising investment right now.
Alphabet, one of the “Magnificent Seven,” may not be on the list of the 10 best stocks identified by the Motley Fool Stock Advisor analyst team. However, the stocks that did make the cut are predicted to deliver significant returns in the years to come. For example, when Nvidia was recommended back in 2005, a $1,000 investment would have grown to $774,526*.
The Stock Advisor service offers investors a clear roadmap to success, with guidance on portfolio building, regular analyst updates, and two new stock picks each month. Since 2002, Stock Advisor has outperformed the S&P 500 by more than four times*.
It’s essential to consider all aspects before investing in Alphabet or any other stock. While Alphabet is a dominant player in the tech industry, there may be better opportunities for growth in other stocks recommended by the Motley Fool Stock Advisor team.
In conclusion, the “Magnificent Seven” stocks have been driving the market to new heights, but investors should carefully evaluate each investment opportunity before making a decision. The Motley Fool’s Stock Advisor service provides valuable insights and recommendations to help investors navigate the ever-changing market landscape.
*Stock prices mentioned are based on morning prices of June 24, 2024. The video was published on June 25, 2024.