Magnificent 7 Live Update: Stocks Are Popping Higher Today: Microsoft (Nasdaq: MSFT), Broadcom (Nasdaq: AVGO) and Meta (Nasdaq: META)
After days of chaotic, tariff-induced pullbacks, the major indices pushing aggressively higher before pulling back in the afternoon. All on hopes for trade deals. In fact, according to CNBC, Treasury Secretary Scott Bessent said that around 70 countries had approached the U.S. for tariff negotiations. We’ll have to wait and see if the rally holds, […] The post Magnificent 7 Live Update: Stocks Are Popping Higher Today: Microsoft (Nasdaq: MSFT), Broadcom (Nasdaq: AVGO) and Meta (Nasdaq: META) appeared first on 24/7 Wall St..
Key Points
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The major indices are pushing aggressively higher on hopes for trade deals. All of which is helping to fuel upside in some of the top Magnificent 7 stocks.
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After days of chaotic, tariff-induced pullbacks, the major indices pushing aggressively higher before pulling back in the afternoon. All on hopes for trade deals.
In fact, according to CNBC, Treasury Secretary Scott Bessent said that around 70 countries had approached the U.S. for tariff negotiations. We’ll have to wait and see if the rally holds, though, with a potential 104% tariff against China.
However, some of the top Magnificent 7 stocks are popping, including:
Microsoft
Earlier today, Microsoft (NASDAQ:MSFT) was up more than $14 a share but the lead is has been trimmed as of 2:30 pm.
The stock had become incredibly oversold at lows not seen since 2023.
Two, RBC Capital Markets analyst Rishi Jaluria recently said MSFT is one of the firm’s “top picks” noting, “We believe investors underappreciate the GenAI innovation Microsoft brings throughout the infrastructure and application layers, and view the recent underperformance of the shares as a buying opportunity.”
“Jaluria expects Microsoft to grow steadily through Fiscal Year 2026, especially since it has plans to enter new areas of growth like hyper-automation while also continuing to expand its Office software users. As a result, the analyst set a $500 price target, which is about 31% higher than the current level, and gave it an Outperform rating,” as noted by TipRanks.com.
Broadcom
Up about $15 earlier in the day, Broadcom (NASDAQ:AVGO) has been another high-flier.
Incredibly oversold, it’s just starting to pivot from a low of about $140. Helping, the company just announced a new buyback program of up to $10 billion. “The new share repurchase program reflects the board’s confidence in our strong cash flow generation and allows us to deliver value to our stockholders,” said Kirsten Spears, Broadcom’s chief financial officer.
The company added that the amount of stock repurchased would depend on factors, such as market conditions and acquisition opportunities.
Meta
Meta Platforms (NASDAQ:META) was up more than $30 a share but also erased all its gains in the past hour.
It’s also trading at about 0.35x growth. Two, its forward price-to-earnings multiple of 20 and its enterprise value-to-sales ratio of 7.6 do not fully reflect the company’s future growth or its powerful economic moat. Plus, with $52.1 billion in free cash flow and $77.81 billion in liquidity, there’s still plenty of upside opportunity in the stock. META is also trading at just 22x earnings, which is attractive given Wall Street’s long-term growth estimate of about 17%.
Meta also has 3.35 billion daily active users across its platforms, which is a strong advertising magnet. With most of the planet using its family of apps, it generated $164 billion in revenue just last year. It’s also strongly investing in artificial intelligence, with its Meta AI assistant projected to reach about a billion users this year.
The post Magnificent 7 Live Update: Stocks Are Popping Higher Today: Microsoft (Nasdaq: MSFT), Broadcom (Nasdaq: AVGO) and Meta (Nasdaq: META) appeared first on 24/7 Wall St..
