Avoid the 'Magnificent 7' and buy these lesser-known stocks instead, wealth manager says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 20 min. at publisher
  • 📊 Quality Score:
  • News: 75%
  • Publisher: 72%

Chow Tai Fook Jewellery Group Ltd Berita

MTR Corp Ltd,Tencent Holdings Ltd,Fresenius Medical Care AG & Co Kgaa

'I think several of the Magnificent Seven are priced at ridiculous valuations,' said wealth manager Tariq Dennison.

The so-called "Magnificent Seven" were among the hottest stocks last year, but one wealth manager says they are "wildly overvalued" and has his sights elsewhere. "There is a possibility that the Magnificent Seven will continue to grow and generate positive returns for investors in the next decade, but I don't think that's the case with all the companies," Tariq Dennison, co-founder and investment advisor at GFM Asset Management, told CNBC Pro on July 19.

" One way he is playing the market is through Hong Kong-listed stocks, which he says, are "trading at very cheap valuations." "Hong Kong is a shoppers' paradise and there are several good names there," he said, naming jewelry chain Chow Tai Fook , public transport operator and property developer MTR Corp and tech giant Tencent as his "three top holdings" there.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama