Stocks

Market Edge Podcast Shines Light on Top Performing Stocks Like NVDA and MSFT

Published January 26, 2024

The Zacks Market Edge Podcast, hosted by Tracey Ryniec, discusses the latest trends in the financial markets, with a particular focus on stocks every week. The podcast features expert guests and offers insights into stocks, bonds, and ETFs, impacting investors' portfolio choices.

Exploring the Magnificent 7 Stocks

In one of its recent episodes, titled 'What If You Only Buy the Magnificent 7 Stocks?', the podcast dives into the discussion about seven stocks dominating the market, metaphorically referred to as the Magnificent 7. The conversation steers towards whether investors should gain exposure to these stocks individually or through ETFs. As these stocks constitute a significant portion of the S&P 500 index, owning them could be a straightforward strategy for some investors.

High-Performing Stocks in Focus

NVIDIA Corporation (NVDA) stands out with its substantial market cap and impressive year-on-year gains, making it a critical tech player to watch. Likewise, Microsoft Corp (MSFT) is highlighted for its consistent all-time highs and growth potential, despite a lower expected sales increase than NVIDIA.

Besides the tech giants, the podcast sheds light on Super Micro Computer, Inc. (SMCI), which has seen remarkable gains due to its appealing valuation and expected sales jump. For those looking outside the technology sector, Tractor Supply Co. (TSCO) and Ulta Beauty, Inc. (ULTA) are mentioned as well, with their performance and earnings prospects analyzed for investors considering diversifying their portfolios.

Growth Beyond Mega-Caps

The episode also discusses the growth of stocks beyond these mega-cap names, suggesting the possibility of investing in other high-growth stocks in different sectors, such as the holdings in Invesco’s NASDAQ NextGen ETF. The podcast wraps up by inviting listeners to tune in for more insights into these Magnificent 7 stocks and their place in investors' portfolios.

NVDA, MSFT, SMCI, TSCO, ULTA