According to the latest SA Sentiment Survey, the majority of the Seeking Alpha community believes that Tesla (NASDAQ:TSLA) should not be removed from the Magnificent 7, despite being considered the least attractive stock on the list.
When asked about potential replacements for Tesla in the Magnificent 7, SA subscribers suggested a few top ideas. One contender is Broadcom (NASDAQ:AVGO), which has nearly doubled in value in the past year, in contrast to Tesla’s 2.4% decline. AVGO is set to undergo a 10-for-1 stock split after market close on July 12. While some analysts are bullish on AVGO due to its AI potential, others believe its valuation may be too high.
Another contender is Eli Lilly (NYSE:LLY), which has seen a 107% increase in the last year, driven by the popularity of its weight-loss drug Mounjaro. Despite high multiples, some experts find LLY to still be an attractive investment, while others warn that the party may be coming to an end.
In addition to these two stocks, other contenders mentioned by SA subscribers include Super Micro Computer (NASDAQ:SMCI) with a 233% increase in the past year and Taiwan Semiconductor (NYSE:TSM) with a 92% increase.
DailyBubble’s perspective on the matter is that while Tesla may not be the most attractive stock at the moment, it still holds value for investors. The suggestions for potential replacements in the Magnificent 7 offer interesting opportunities for growth and diversification in investment portfolios.