Technology stocks, known as the "Magnificent Seven," have been having a tough time in recent weeks. While the markets are reeling in uncertainty during August, there is still no reason to throw in the towel and give up on these investment titans.
According to Bill Blaine, founder of Wind Shift Capital, the key right now is to be cautious when picking stocks. Market conditions are more challenging, so you need to bet on companies with clear growth prospects. Mr. Blain, who is also known for his regular Morning Porridge newsletter, sees Meta $METAas the biggest opportunity among the Magnificent Seven .
"The advertising business is huge," Blain said in an interview with Yahoo Finance. "Approximately 75% of advertising today is done over the Internet, and the company that has the most control in that sector is Meta."
Meta's recent earnings results bear out this optimistic prediction of Blain's. Profits and revenues have far exceeded analysts' expectations. Profits are up 73% year-on-year,…