TSLA - Forget Tesla: I Think This Stock Should Replace It in the Magnificent Seven
2024-02-26 10:00:00 ET
Thanks to strong corporate results, as well as the ongoing artificial intelligence (AI) boom, the so-called "Magnificent Seven" stocks are soaring to new heights. All of these companies have seen their share prices rise in the last 12 months, except for one.
Tesla (NASDAQ: TSLA) shares are down over 2% during that time frame. That's a sign that the market has grown pessimistic about the business and its prospects.
Instead of the electric vehicle stock, the Magnificent Seven should include Netflix (NASDAQ: NFLX) , the world's dominant direct-to-consumer streaming service. Its shares have soared 77% in the past year. Here's my case.
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Forget Tesla: I Think This Stock Should Replace It in the "Magnificent Seven"