2024-02-28 04:50:00 ET
The stocks known as the "Magnificent Seven" has had a pretty mixed start to the year. This group includes high-profile tech companies that delivered excellent returns over the past decade: Alphabet , Amazon , Apple (NASDAQ: AAPL) , Meta Platforms , Microsoft , Nvidia , and Tesla .
Some of them, most notably Meta Platforms and Nvidia, have been outperformers since January, while others haven't had the same luck. Apple is in the latter category -- the stock is down by nearly 5% year to date, the second-worst performance in the group.
Still, that's no reason to ignore Apple stock. Let's find out why Apple remains an excellent pick for long-term investors.
For further details see:
1 "Magnificent Seven" Stock to Buy on the Dip