The 'Mag 7 Bench': Josh Brown Picks The Next Magnificent 7 Stocks
Portfolio Pulse from Adam Eckert
Josh Brown from Ritholtz Wealth Management has identified a new set of stocks dubbed the 'Mag 7 Bench', which could potentially become the next 'Magnificent Seven' in the stock market. Using criteria such as market cap below $350 billion, 14-day relative strength of 45 to 65, forward P/E ratios of 85 or less, and five-year annualized growth rates of 25% or greater, the list includes Advanced Micro Devices (AMD), Uber Technologies (UBER), ServiceNow (NOW), Fiserv (FI), CrowdStrike Holdings (CRWD), Palantir Technologies (PLTR), and Atlassian Corp (TEAM). Brown suggests these companies have the potential to reach a trillion-dollar market cap in the future.
March 14, 2024 | 7:23 pm
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Advanced Micro Devices is part of the 'Mag 7 Bench', indicating strong growth potential and investment appeal.
Being included in the 'Mag 7 Bench' highlights AMD's strong growth metrics and potential for significant market cap increase, likely attracting investor interest.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
CrowdStrike Holdings is identified as a potential high-growth stock in the 'Mag 7 Bench'.
CrowdStrike's presence on the list underscores its strong growth metrics and future potential, likely boosting investor interest.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Fiserv makes the 'Mag 7 Bench', highlighting its potential as a strong growth stock.
Fiserv's inclusion indicates it has met the growth and valuation criteria, suggesting a positive outlook for its stock.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
ServiceNow is part of the promising 'Mag 7 Bench', indicating a strong future growth trajectory.
ServiceNow's inclusion in the list suggests it meets the stringent criteria set for growth and valuation, making it an attractive investment.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Palantir Technologies, with its strong growth metrics, is part of the 'Mag 7 Bench'.
Palantir's inclusion reflects its strong growth prospects and aligns with the criteria for potential market cap expansion, attracting investor attention.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Atlassian Corp is highlighted in the 'Mag 7 Bench', indicating its potential for future growth.
Atlassian's inclusion suggests it meets the growth and valuation criteria, making it an appealing choice for investors.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Uber Technologies, recognized for its potential to reach a trillion-dollar market cap, is highlighted in the 'Mag 7 Bench'.
Uber's inclusion and the specific mention of its potential for a trillion-dollar market cap underscore its significant growth prospects and investment appeal.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90