Strategist explains why investors should buy the Mag 7 'right now'
Attention is turning to Microsoft (MSFT) and Meta Platforms (META) as the next members of the "Magnificent Seven" tech companies set to report their third quarter earnings. To discuss the outlook for these industry leaders, Howard Capital Management CEO and chief investment officer Vance Howard joins Wealth! Howard believes investors should be adding to all of the "Magnificent Seven" names, calling them "the most interesting part of the market," even including Tesla (TSLA), despite its recent stumbles. "Everybody worries about these 'Magnificent Seven', but they are leading this market higher and creating some of the most interesting and dynamic products and services," Howard states. He adds that these tech giants are "making money hand over fist." Regarding the transformative impact of artificial intelligence on these names, Howard drew an analogy to golf, saying that if we were on an 18-hole course, AI would still be "on the very first hole." While acknowledging there is still substantial work to be done in the AI space, Howard remains "incredibly bullish" on its long-term potential. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
