tadamichi
A majority of the Seeking Alpha community doesn’t think Tesla (NASDAQ:TSLA) should be dropped from the Magnificent 7, according to the latest SA Sentiment Survey, even though the EV maker is seen as the least attractive stock in the list.
When asked which stock could potentially take Tesla’s (TSLA) place in the Magnificent 7, here are the top ideas pitched by SA subscribers:
Broadcom (NASDAQ:AVGO)
This stock has nearly doubled in value in the past year, compared to Tesla’s (TSLA) 2.4% fall. To note, AVGO will undergo a 10-for-1 stock split after market close on July 12. [SA Quant – Hold]
While SA analyst DT Invest is strongly bullish on AVGO given its AI potential, Investing Group Leader James Foord believes its valuation has detached from reality.
Eli Lilly (NYSE:LLY)
This stock has soared 107% in the last one year, fueled by the weight-loss mania. And it looks like patients are losing more weight on Lilly’s (LLY) Mounjaro than rival drug Ozempic. [SA Quant – Hold]
Investing Group Leader Manika Premsingh said LLY remains attractive despite high multiples, but SA analyst ALLKA Research believes the party may be nearing its end.
Other contenders
- Super Micro Computer (NASDAQ:SMCI): +233% in 1Y [SA Quant – Strong Buy]
- Taiwan Semiconductor (NYSE:TSM) +92% in 1Y [SA Quant – Hold]