When it comes to picking stocks, Hannah Gooch-Peters of asset management firm Sanlam Investments UK avoids chasing trends. She said she believes investors need to look beyond the "Magnificent Seven," referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. The global equity investment analyst told CNBC Pro Talks last week that the firm looks for high-quality companies all over the world.
"Because if you have a core of a bank captured within your business, it's very difficult and also very risky to move that away. And so those … clients that's recurring revenue — and they're very, very sticky — is growing at about 3%." Gooch-Peters said the company is capturing the "huge, long term secular trend" of cash-to-card conversions. With inflation, payment volumes are also going up as consumers pay more for goods and services, she pointed out.