A 'troublesome' focus on tech stocks has led one portfolio manager to recommend diversifying, naming two stocks in particular.
Big Tech has been a closely watched theme over the past year, with investors piling into AI poster child Nvidia and the other so-called "Magnificent Seven" stocks: Alphabet , Amazon , Apple , Meta , Microsoft and Tesla . But this heavy focus on just a few stocks has led one portfolio manager to urge investors to diversify, naming two stocks he thinks look particularly attractive. "I would say the concentration is troublesome, in our opinion, and it's something to watch.
and offers its services at a membership fee of $55 per year, or $110 for a higher tier. Its rivals include Costco Wholesale and the Walmart -owned Sam's Club. Shares in the membership services company are up around 32.7% year-to-date and nearly 41% in the last 12 months. According to FactSet data, of 24 analysts covering the stock, 12 give it a buy or overweight rating, 11 have a hold rating and one has a sell rating. Their average price target is $86.
Costco Wholesale Corp Walmart Inc Thermo Fisher Scientific Inc BJ's Wholesale Club Holdings Inc United States Morgan Stanley Amazon.Com Inc Apple Inc Microsoft Corp Tesla Inc Business News
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