As the second quarter earnings season kicks off, Wall Street Alliance Group Partner Aadil Zaman joins Wealth! to discuss how the Magnificent Seven — the grouping of premier tech shares Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Tesla (TSLA) — will perform amid sky-high earnings expectations and tech-driven sector rallies (^DJI, ^IXIC, ^GSPC).
“We feel that these companies should be a core position in the collection of investments. No doubt about that, right? And potentially, the earnings will be good as well. But it’s all about expectations. So again, in the short term for the retail investor, very difficult to predict,” Zaman says.
He explains that the concentration of more than 20% of the S&P 500 (^GSPC) lies in three shares, which investors want to hold on to. However, he advises that “no individual shares should be more than 5% of the collection of investments, and invest in other areas of the sector to protect yourselves.”
Focusing on Tesla (TSLA), Zaman notes that despite the stock’s volatility, “in the long term it’s going to do well.” In order to navigate this dynamic, he encourages investors to limit their exposure “and be exposed to it in a very diversified way.”
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