Where to invest $10,000 right now, according to 9 Wall Street pros
Investing ideas: Financials, healthcare, consumer discretionary, and Magnificent Seven stocks (Nvidia, Amazon, Apple, Microsoft, Tesla, Meta, and Alphabet)
Andrew Pauker, a US equity strategist at Morgan Stanley, advised investors to split their money evenly across the four groups listed above.
He said this gives investors a multi-faceted attack. Financials and consumer discretionary offer exposure to economically sensitive stocks, which have sold off recently amid the Iran-war-driven growth scare.
Meanwhile, the traditionally defensive healthcare sector should act as a hedge if the economy worsens.
Finally, the Mag 7 stocks give investors exposure to quality growth stocks — plus, they’re relatively cheap after their recent decline.
Examples of funds that offer exposure to these trades include the State Street Financial Select Sector SPDR ETF (XLF), Vanguard Health Care ETF (VHT), iShares US Consumer Discretionary ETF (IYC), and Roundhill Magnificent Seven ETF (MAGS).