Top 7 Must-Buy Stocks for 2024

The "Magnificent Seven" stocks, which have a combined value of $12 trillion and account for 28% of the S&P 500's total value, are expected to continue outperforming the broader market in 2024. Two stocks from this group that show potential are Tesla and Meta Platforms. Tesla's price cuts have put pressure on competitors, forcing them to scale back their EV plans, while Tesla itself has seen slower financial growth. However, favorable economic conditions and retreating competitors could lead to a strong year for Tesla in 2024. Meta Platforms, on the other hand, has implemented cost-cutting measures and focused on AI-powered recommendations, leading to record-high revenue and net income. Wall Street predicts that both Tesla and Meta Platforms will see earnings growth in 2024, making them attractive investments.