Congressman Who Loves Magnificent Seven Stocks Buys 3 Mag 7 Names in September
Congressman Cleo Fields is known for buying Magnificent Seven stocks in recent years. Here's which stocks he increased his investments in for September.
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Congressman Cleo Fields is known for buying Magnificent Seven stocks in recent years. Here's which stocks he increased his investments in for September.
Alphabet is positioned as an attractive AI investment with potential for 100-150% returns over five years. The company's competitive advantages include its dominant distribution network (Chrome, Android), custom AI chips (TPUs) that reduce infrastructure costs, and monetization through its ad network. Analysts project revenue growth to $1.13 trillion by 2031, with a $1,000 investment potentially worth $2,000-$2,500 by then.
Qualcomm expands beyond mobile with a major Huawei licensing deal, custom AWS AI chips, and Meta server partnerships as it targets $15B in data center revenue.
Amazon, Alphabet and Tesla rose Friday, but Robinhood traders sold all three. The monthly data suggests profit-taking, not an AI trade exit.
The Nasdaq 100 trades at records Monday, yet 55 of its 101 stocks sit below their 50-day average. QQQ has beaten equal-weight QQQE by 8% since late July.