Instead Of Buying the Dip On "Magnificent Seven" Stocks Like Amazon, Consider This Growth Stock

The "Magnificent Seven" -- Apple, Microsoft, Nvidia, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon, Meta Platforms (NASDAQ: META), and Tesla -- have captured the spotlight this earnings season. And for good reason -- the group has been instrumental in leading the market higher in 2023 and 2024.After blowing analyst earnings estimates out of the water, Meta Platforms surged as high as 11% on Aug. 1 -- only to give up most of those gains by close on Aug. 2 as a widespread sell-off in mega-cap growth stocks rippled through markets.A weak unemployment report and Amazon's disappointing guidance were some of the catalysts driving the broader market sell-off. And although some investors may be tempted to buy the dip on Amazon, Meta looks like an even better growth stock to buy now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool