No. of Recommendations: 8
The "Magnificent Seven" should be expanded to include Warren Buffett's Berkshire Hathaway, one investment chief says.
The group of seven mega-cap growth stocks ' Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, and Nvidia ' have blown past the wider market this year, pulling the benchmark S&P 500 index into positive territory. Investors have wagered those select few companies are resilient enough to weather challenges such as elevated inflation, higher interest rates, and recession fears, and will emerge as some of the biggest beneficiaries of the artificial-intelligence boom.
Berkshire commands a larger market capitalization than Tesla or Meta, but it's not counted as a member of the Magnificent Seven because it's not a fast-growing technology company. Including it would provide significant diversification to the group of high-flying stocks, Worden said.
stocks.apple.com: Expand 'Magnificent 7' to include Buffett's Berkshire: investment chiefA portfolio of 30% BRK and 10% each of the Magnificent 7 may work out well. Since Apple is such a big part of BRK, maybe a little less of Apple, say 7% and BRK 33%.
