The US economy appears to be achieving a soft landing from high inflation without recession as the personal consumption expenditures (PCE) price index dropped to 2.6% YoY in November. The Federal Reserve, which targets 2% annual inflation, may consider cutting interest rates sooner than expected, given the unexpected decline in inflation rates. This back drop has led to this stocks that could one day join the magnificent 7 of tomorrow.

Falling gas prices and a positive consumer confidence survey further contribute to the optimistic economic outlook, potentially signaling a reduction in high interest rates next year after two years of aggressive hikes.

This positive outlook means that you need to invest in stocks that will take advantage of the high economy and deliver good returns, these 3 future magnificent 7 stocks are your solution.

CrowdStrike (CRWD)

CrowdStrike(NASDAQ:CRWD) is an American cybersecurity technology company, that provides cloud workload and endpoint security, threat intelligence, and cyber attack response services. 

CRWD stock is up 149.15% YTD and has maintained its historical growth. The global food service market was valued at $802.07 million in 2021 and is projected to expand at a CAGR of 25.32%. 

CRWD’s revenue of $786.01 million grew 35.31% YoY and its diluted EPS of $0.11 grew 145.83% YoY, both beating expectations by strong margins. Strong financial growth is further evident in a 3.39% net profit margin, which grew 135.84% YoY, and an income of $26.66 million which grew 148.52% YoY. 

CrowdStrike recently released Falcon Data Protection, a solution that replaces traditional data loss prevention tools. The release of Falcon Data Protection reinforces security, preventing accidental or intentional leakage of customers’ identifiable information. This enhances CrowdStrike’s trustworthiness as a cybersecurity technology company and contributes to long-term sales. This makes it one of those stocks that could join the magnificent 7.

Yahoo! Finance reports 44 analysts having a mean 1-year price target of $248.73, spanning from as low as $172.00 to as high as $330,00. In an era where individual access to company networks is increasing, it’s evident that demand for security will only get higher — investors should consider adding CrowdStrike to their portfolios.

Palantir Technologies (PLTR)

Palantir (NYSE:PLTR) is focused on developing data analytic software, utilizing developmental and artificial intelligence capabilities. Currently valued at $17.41, PLTR has seen great YoY growth of 190.17%.

Palantir is placed in the profitable big data analytic industry, which is projected to have strong growth in the upcoming years. The industry will reach $307.52 billion in 2023 and grow at a 13.5% CAGR to $745.15 billion by 2030. 

Financially, PLTR reported a strong Q3 2023 in notable metrics. PLTR brought in revenue of  $558.16 million, marking a YoY increase of 16.8%. These numbers also escalated in net income and diluted EPS, bringing in $71.5 million and $0.03 respectively, YoY growths of over 150%. These reported figures beat out the consensus industry estimates.

Largely, Palantir’s growth can be attributed to great business performance financially and in its product. On the financial front, PLTR has started to cut down on business expenditures, which will lead to stronger quarter performances. Palantir aims to reduce developmental costs and increase financial performance. Palantir’s recent adoption of artificial intelligence software capabilities will boost the company forward on a consumer level. These new implementations have expanded software capabilities, increasing efficiency and improving overall customer usage and satisfaction.

Visa (V)

Visa (NYSE:V) is a fin-tech banking company, recognized as a world leader in making financial transactions. 

Visa has great financials, showing great signs of profitability with net income growing 22% YoY and net profit margin growing to 52.90%. Yearly purchase volume at Visa is up 5%, and as of Q3 2023, it’s sitting at $14.812 Trillion. Visa’s credit card business has grown 6.7% YoY, with a current purchase volume of $6.43 trillion. Visa has a debt-to-equity ratio of 54.98%, indicating management’s exemplary handling of assets to debt accrued.

Visa’s leadership is making decisive decisions to generate future business growth, investing 100 million into a fund for AI startups. Visa was one of the first fin-tech companies to employ AI in their business, with plans to expand this implementation in the future. This will allow for safer payments and innovative payment methods. Additionally, Visa is expanding into South American markets with the acquisition of companies like Prosa, and South/south-east Asian markets with investments into local companies. These investments fund future innovation in payment technology. A growing presence in China increases the use of Visa cards in native payment platforms. All of these present and future innovations poise Visa for great future growth. This makes it a contender to be one of those magnificent 7 stocks.

VISA is a well-established finance company with great potential in the upcoming decades. It’s a great buy for investors who want to see substantial growth in the mid-term.

On the date of publication, Michael Que did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

The researchers contributing to this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.