Strategist Explains Why Investors Should Buy Mag 7 'Now'

Attention is turning to Microsoft ( MSFT ) and Meta Platforms ( META ) as the latter members of the “Magnificent Seven” tech companies prepare to report their third-quarter earnings.

To discuss the perspectives of these industry leaders, Howard Capital Management CEO and Chief Investment Officer Vance Howard joins Wealth!

Howard believes investors should sum up all of the “Magnificent Seven,” calling them “the most attractive part of the market,” even with recent stumbles including Tesla ( TSLA ) .

“Everyone worries about these 'Magnificent Seven,' but they are leading this market higher and creating the most interesting and dynamic products and services,” Howard said. He added that these tech giants are “making money hand over fist.”

Regarding the transformative impact of artificial intelligence on these names, Howard drew an analogy with golf, saying that if we were on an 18-hole course, AI would still be on the “first hole.” While acknowledging there is still plenty of work to be done in the AI ​​space, Howard remains “incredibly bullish” on its long-term prospects.

To see more expert insights and analysis on recent market action, see more resources here.

This post was written by Angel Smith