UBER - The 'Mag 7 Bench': Josh Brown Picks The Next Magnificent 7 Stocks | Benzinga
As the mega-cap tech rally stalls, investors are starting to think about what stocks could make up the next “Magnificent Seven.” Ritholtz Wealth Management‘s Josh Brown used a stock screener and came up with seven names he calls the “Mag 7 Bench.”
What To Know: “We came up with a few metrics that we wanted to break this down by, and I kind of like the list that we came up with,” Brown said on Tuesday’s episode of "The Compound & Friends" podcast.
The metrics include market cap, relative strength, price-to-earnings ratios and revenue growth.
All the companies on the list have a market cap below $350 billion, 14-day relative strength of 45 to 65, forward price-to-earnings ratios of 85 or less, and five-year annualized growth rates of 25% or greater.
“Look ...