Zacks Value Investor Highlights: Tesla, Amazon, NVIDIA Apple and Meta

For Immediate ReleaseChicago, IL – October 9, 2024 – Zacks Value Investor is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2347643/the-cheapest-mag-7-stocks-in-2024The Cheapest Mag 7 Stocks in 2024Welcome to Episode #385 of the Value Investor Podcast. (0:30) - Can You Find Value Within The Magnificent 7?(6:15) - Breaking Down Recent Performances: What Stocks To Keep On Your Radar?(28:30) - Episode Roundup: META, GOOGL, AAPL, MSFT, AMZN, NVDA, TSLA            Podcast@Zacks.com Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.It’s time to check in on the Mag 7 stocks, formerly known as FAANG stocks or FANGMAN stocks. The Mag 7 stocks are the large cap innovators with high growth. The Mag 7 includes Tesla, NVIDIA, Amazon, Alphabet, Microsoft, Apple and Meta Platforms.Tracey has often discussed how value investors can own both growth and value stocks. Value investors are not limited only to value stocks.Why not look at the largest big cap growth stocks out there? Why not own some Mag 7 stocks?What’s the Definition of a “Cheap” Stock?But just because a value investor might buy a growth stock, doesn’t mean that investor doesn’t want attractive valuations. A “cheap” stock, for value investors, doesn’t mean the share price. Cheapness is not talking about a stock under $1.00. Cheapness means the company’s valuations are attractive.For value investors, valuations are often determined by looking at the price-to-earnings (P/E) ratio or the price-to-sales (P/S) ratio. P/E ratios are usually the first default though, so Tracey looked at them for this podcast.The P/E ratio is price divided by earnings.But there’s a good case for the P/S ratio, especially when looking at technology stocks.Tracey considers both on the podcast.Are There Any Deals in the Mag 7 Stocks?1. Tesla, Inc. TSLATesla has underperformed so far in 2024. Shares of Tesla are down 3.1% year-to-date while the S&P 500 is up 19.4%.But the sell-off doesn’t mean Tesla is cheap. It’s trading with a forward P/E of 113, which is at the nosebleed levels. And it has a P/S ratio of 8.7. That’s not cheap but at least it’s under 10.Is Tesla a deal on the weakness or is it a value trap?2. Amazon.com, Inc. AMZNHas Amazon EVER been cheap? Investors have always paid a premium for the stock, at least on a P/E basis. But Amazon is currently trading with a forward P/E of 39, which is among its lowest P/E ratios over the last decade.Shares of Amazon have gained 19% year-to-date yet it’s still sporting an attractive P/E. Earnings are expected to rise 63.5% this year and 23% next year, which explains it.But it is Amazon’s P/S ratio which is the real surprise. It has P/S ratio of just 3.2, the lowest of the Mag 7.Should Amazon be on a value investor’s short list?3. NVIDIA Corp. NVDANVIDIA can’t be a deal, can it? It has been one of the hottest stocks on Wall Street this year. Shares of NVIDIA are up 157.9% year-to-date. But earnings are also expected to be up 116% this year and another 33% in fiscal 2026.NVIDIA is trading with a forward P/E of “just” 41.5. But that is well under Tesla at 113x, and other growth stocks like Costco, which is trading at 49x.Is NVIDIA still a buy here?4. Apple Inc. AAPLWarren Buffett might have sold a bunch of his Apple position in the Berkshire Hathaway portfolio this year, but he still owns a big chunk of shares. And if the greatest value investor ever owns your stock, there must be some value there, right?But Apple isn’t that cheap. It trades with a forward P/E of 30. Earnings are expected to be up this year, but just 9.3%. Shares of Apple have gained 15.1% year-to-date.Is Apple losing its shine with value investors in 2024?5. Meta Platforms, Inc. METAMeta Platforms has been a quiet winner in 2024. Shares of Meta Platforms are up 65.2% year-to-date.It’s a growth stock. Earnings are expected to rise 43.6% this year and another 12.8% next year. But Meta Platforms also has an attractive forward P/E of just 27. And it’s now paying a dividend, yielding 0.4%.Is Meta Platforms the cheapest Mag 7 stock?What Is the Cheapest of the Mag 7 stocks?Tune into this week’s podcast to find out.[In full disclosure, Tracey owns shares of GOOGL, MSFT and AMZN in her personal portfolio.]Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.About ZacksZacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time!  Click here for your free subscription to Profit from the Pros.Join us on Facebook:  https://www.facebook.com/ZacksInvestmentResearch/Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.com/performancePast performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Meta Platforms, Inc. 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