Published: 03rd July 2024

Is it time to look beyond Wall Street’s Magnificent Seven?

Who are the Magnificent Seven?

Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla are collectively called the Magnificent Seven.

Why are they Magnificent?

Their tantalizing returns over the past five years earned them this moniker. Nvidia even sparked rumours of achieving the highest profit jump in history.

Should you invest?

Despite their magnificent wealth creation, these companies might not be a wise investment currently.

Why?

To sustain their current valuations, they must deliver astronomical growth rates never seen before. This makes investing in them a gamble.

Promising alternatives?

Discover 13 lesser-known but promising US stocks identified by our experts. Find the complete list in the latest Wealth Insight (link below).

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