3 “Magnificent Seven” Stocks to Buy Now and 1 to Avoid, According … – The Motley Fool
Among Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms, there are three stocks with meaningful upside, as well as one with double-digit downside, according to analysts.
What a difference a year can make. Since tumbling into a bear market in 2022, all three major U.S. stock indexes have bounced more than 20% off of their lows. By one definition, that puts the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite in a new bull market.
However, this has been anything but a traditional rally. A significant portion of the year-to-date gains built up in the S&P 500, Nasdaq Composite, and especially Nasdaq 100 are the result of the outperformance of the “magnificent seven.”
The magnificent seven refers to a group of supercharged, widely owned, megacap growth stocks that, through the closing bell on July 21, have gained between 36% and 203% for the year. The magnificent seven includes:
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