D - A Bull Market Is Coming: 2 Magnificent Seven Stocks to Buy Hand Over Fist Before They Rally 36% and 52% According to Wall Street
2023-10-29 05:10:00 ET
In the wake of last year's unpleasant stock market downturn, investors have had reason to celebrate in 2023. The S&P 500 at one point gained about 20% from its bear market low, though it has since dipped back a bit. Still, the index stands just 12.6% below its all-time high. If it passes that milestone, it will check the final box necessary to confirm the arrival of a new bull market.
One notable feature of this year's market performance has been the uneven distribution of its gains. Many stocks have yet to shake off last year's bear market, but the so-called "Magnificent Seven" stocks have far outpaced the gains of the broader market so far this year:
Despite being among 2023's best performers, Wall Street analysts suggest that two of these stocks still have plenty of upside, with the consensus price targets suggesting they could gain 36% and 52%, respectively at this writing, over the coming 12 to 18 months.
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A Bull Market Is Coming: 2 "Magnificent Seven" Stocks to Buy Hand Over Fist Before They Rally 36% and 52%, According to Wall Street