"2024 Market Forecast: The Rise of the Fab Four and the Fall of the Magnificent Seven"

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Source: The Motley Fool
"2024 Market Forecast: The Rise of the Fab Four and the Fall of the Magnificent Seven"
Photo: The Motley Fool
TL;DR Summary

The "Magnificent Seven" stocks, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla, have been driving the recent record highs in the stock market. Among these, Meta Platforms is recommended as a strong buy due to its dominant position in social media, AI ambitions, and historically cheap valuation. On the other hand, Nvidia is advised to be avoided in April due to potential headwinds such as increased competition, regulatory restrictions, and the early stage bubble of artificial intelligence.

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