By Shanthi Rexaline
A new grouping of stocks dubbed ‘BATMMAAN’ that promises above-market returns has taken Wall Street by storm. These stocks, all from the high-flying tech sector, have fueled the U.S. bull market since October 2022.
Meanwhile, India’s market has enjoyed an even longer bull run, with key indices trending upward since the onset of the pandemic. The Sensex has surged nearly 200% since bottoming out in late March 2020.
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Against this backdrop, valuation and lingering macroeconomic concerns make stock screening challenging. One strategy is to identify stocks that could weather macroeconomic and geopolitical setbacks and outperform even in a worst-case scenario.
Analysts favor stocks tied to new-age technologies such as artificial intelligence (AI) and quantum computing as top investment picks.
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Year Of BATMMAAN
BATMMAAN comprises the Magnificent Seven stocks – Apple, Inc. (AAPL), Tesla, Inc. (TSLA), Microsoft Corp. (MSFT), Meta Platforms, Inc. (META), Alphabet, Inc. (GOOG) (GOOGL), Amazon, Inc. (AMZN) and Nvidia Corp. (NVDA), along with chipmaker Broadcom.
The combined market capitalization of these eight BATMMAAN stocks is $17.29 trillion (based on Jan. 17 closing price), accounting for about 35% of the S&P 500’s $49.81 trillion.
Most of these companies that comprise this grouping are frontrunners in the AI revolution, which is becoming entrenched and is widely believed to play out over the next few years. With some already having had a stellar run, analysts believe there is more upside potential left to tap into.
Let’s dig into each of these BATMMAAN stocks…
Broadcom
San Jose, California-based Broadcom is a semiconductor and infrastructure software solutions company. Its AI portfolio, comprising the AI XPUs and Ethernet networking portfolio, has fueled strong growth in recent quarters.
Broadcom’s fiscal year 2024 revenue, released in mid-December, rose 44% year-over-year (YoY) to a record $51.6 billion,
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