AAON-7 Stocks Poised to Be the Next ‘Magnificent 7'

Core Viewpoint - The article discusses the potential of various companies to join the ranks of the 'Magnificent 7' stocks, highlighting their strong growth prospects and market positions. Group 1: Berkshire Hathaway (BRK-A, BRK-B) - Berkshire Hathaway is suggested as a candidate for the 'Magnificent 7' due to its prudent diversification across sectors, which provides stability and flexibility in turbulent times [2][3] - The company is expected to outperform broader markets and is projected to reach a $1 trillion valuation [3] Group 2: MercadoLibre (MELI) - MercadoLibre is compared to Amazon and is recognized as a leading e-commerce player in Latin America, with a 32% gain over the past year and a 143% surge from its June low [4][5] - Analysts forecast its EPS to increase from$ 33 to $226 over the next decade, with revenue growth projected from$ 17.7 billion to $72.3 billion [5] Group 3: Li Auto (LI) - Li Auto is highlighted for its rapid growth in the Chinese EV market, with total deliveries reaching 684,780 vehicles, a 22% year-over-year increase [6] - The company anticipates a 90-96% increase in first quarter 2024 deliveries compared to the previous year, while trading at 18x forward earnings [6] Group 4: FTAI Aviation (FTAI) - FTAI Aviation has gained 293% over the past five years and 139% in the last 12 months, driven by a strong business model focused on CFM56 commercial jet engines [7][8] - Analysts predict FTAI's EPS will triple from 2024 to 2027, with revenues expected to grow from$ 1.3 billion to $2.3 billion [8] Group 5: Elastic (ESTC) - Elastic operates in data analytics and has seen its stock rise 91% over the past year, with projected EPS growth from$ 1.2 in 2024 to $13.3 in 2033 [9][10] - Revenue is expected to quadruple over the same period, indicating strong growth potential despite a high valuation of around 90 times forward earnings [10] Group 6: Aaon (AAON) - Aaon is noted for its customizable HVAC solutions and has experienced over 20% revenue growth year-over-year in Q4, exceeding analyst estimates [11][12] - The stock has risen 36% over the past 12 months, with a favorable growth outlook due to increasing temperatures [12] Group 7: DoubleVerify (DV) - DoubleVerify operates in digital media measurement and analytics, with a 34% stock gain over the past year, despite a recent sell-off [13][14] - Analysts forecast over 20% revenue growth and 30%+ EPS expansion in 2024, positioning the company to benefit from the rebound in online ad spending [14]