$Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$  

In an attempt to navigate this frothy market with reduced volatility and more value, my attention is currently drawn to META and AMZN. 

Meta has proven they belong in the trillion dollar club, with outstanding earnings and continuous investment in data centers and AI. However, it appears that the AI frenzy has overshadowed some larger market caps and momentum has stalled. At time of writing, META is currently up 29.89% YTD, which is a great return, however in this current climate, it's moderate at best. I predict momentum will grow leading up to earnings on 29/10, as investors will want to price in the growth META will most likely reveal. Additionally, METAs investment in renewable, clean, and zero-emissions energy to power its growing global operations indicates growing demand. 

AMZN has stalled this year and may we be one of the most undervalued large cap stocks this year so far. Following the drop in share price from AWS growth concerns. If this is addressed and AMZN shows an upbeat in growth and guidance, we could be looking at a stellar performance over the next year years, with potential for a short term run. Lastly, it is worth noting and remembering that Amazon beat earnings and EPS and will likely continue to do so.

From a value perspective, with the exception of GOOGL (which was also on my radar, but following its recent run, I want to catch Meta's and Amazon's run instead), META and AMZN offer the lowest PE ratio of the magnificent 7, at 28.23 and 35.33 respectively.

I have begun gathering shares in both META and Amazon leading up to earnings, as I want to get in before momentum builds, if earnings disappoint, it will merely be an opportunity to gather more, as there is upside to both companies over the next 12 months according to the median analyst forecasts.