#254: Our Favorite "Magnificent 7" Stocks to Buy on the Dip
The stock market is on sale, particularly the Magnificent Seven. Since the beginning of the year, Apple, Amazon, Nvidia, Meta, Microsoft, Tesla, and Google (Alphabet) have fallen 14%, dragging the rest of the S&P 500 down with them.However, as some of the most impressive stocks on the market, raising the question:Is now the time to buy?This week, Emmet and Mike are here to pitch their favorite Magnificent Seven stocks.Mike breaks down Amazon as it reaches new levels of profitability and continues to invest in new verticals. With Amazon Web Services (AWS), its fulfillment network, Prime memberships, advertising segment, and array of mini-monopolies, it's a fortress. Thanks to the sell-off, it looks tantalizingly cheap on an EV/EBIT basis.Emmet takes a more controversial turn, breaking down Tesla. Elon Musk has alienated customers and investors, but Emmet believes Tesla's innovative roots will continue to drive disruptive technology and sales. It’s certainly a riskier choice, but if you’re looking for a high-risk, high-reward play, it could be the one for you.For the complete, detailed pitches, be sure to tune in.Prophet, MyWallSt's latest investing service, is focused on delivering market-beating in less than 5 minutes a month.We are running a three-month free trial for our followers.No commitment, cancel anytime.Click here to grab your trial.Become a successful investor by checking out all the content MyWallSt has to offer:📩 Email us: pod@mywallst.com📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/🎉 Follow MyWallSt on social:🐦 Twitter: @MyWallStHQ💃 TikTok: @MyWallSt📸 Instagram: @MyWallSt🖥️ Facebook: @MyWallSt👔 LinkedIn: MyWallSt00:00 Intro 03:02 The Magnificent Seven: Market Giants 12:51 Amazon: A Deep Dive into Its Dominance 30:34 Amazon's Strategic Bundling 32:04 AWS: The Crown Jewel of Amazon 33:47 The Controversial Case for Tesla 35:27 Elon Musk: A Polarizing Figure 47:10 Tesla's Technological Advancements 49:13 The Future of Autonomous Vehicles and Robotics