META - These 4 Magnificent Stocks Keep Driving Higher
2023-10-16 06:28:00 ET
The stock market has been driven by narratives this year . At the start of the year, companies that aggressively cut costs in advance of what could have been a deep recession were seen as the winners. Now, we have investors bidding up artificial intelligence (AI) stocks, despite very little direct revenue from AI for most companies.
The four stocks that are driving higher and I think could continue that trend are Meta Platforms (NASDAQ: META) , Adobe (NASDAQ: ADBE) , Uber (NYSE: UBER) , and Shopify (NYSE: SHOP) . They have market-leading positions in attractive markets and the only worry I have with each is their valuation.
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These 4 Magnificent Stocks Keep Driving Higher