A - 4 of the Magnificent Seven Stocks Have Set All-Time Highs in 2024 but It's Not Too Late to Buy Them
2024-02-28 07:05:00 ET
The "Magnificent Seven" is a prestigious group of technology stocks with a combined market capitalization of $13.3 trillion. These seven stocks delivered blockbuster gains in 2023 and were responsible for most of the upside in the benchmark S&P 500 index because of their sheer size.
The companies that make up the Magnificent Seven are:
A case can be made for owning a slice of all seven companies. However, some of the shine has come off the group as a whole in the early stages of 2024, particularly because Tesla stock has plunged 22% for the year already . Apple is also in the red so far. On the other hand, Amazon is having a great 2024 with an impressive 16% gain to date, although it has yet to reclaim its all-time high from 2021.
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4 of the "Magnificent Seven" Stocks Have Set All-Time Highs in 2024, but It's Not Too Late to Buy Them