The “Magnificent Seven” group of stocks has been a powerhouse in the market since the start of 2023, with all of them beating the S&P 500. It includes:
This collection has had a strong run, but not every one of them is a strong buy right now, in my opinion. Nearly every one of these companies has artificial intelligence (AI) aspirations, but my reason for buying three of the seven stocks is centered around a much older practice: Advertising.
Advertising is a massive industry
If advertising is my reason to buy some of these stocks, then Alphabet, Amazon, and Meta Platforms are the ones I’m talking about. This trio generates a massive amount of revenue each quarter from advertising.
|
Company |
Q4 Advertising Revenue |
|---|---|
|
Alphabet |
$65.5 Billion |
|
Meta Platforms |
$38.7 Billion |
|
Amazon |
$14.7 Billion |
Data sources: Alphabet, Meta Platforms, and Amazon.
While Alphabet and Meta are leaders in this category, some…
