2024-03-07 05:29:00 ET
The "Magnificent Seven" is the apt moniker placed on a group of seven of the world's largest technology companies:
The Magnificent Seven stocks delivered an average return of 112.7% in 2023, handily outperforming the S&P 500 index, which was up just 24%. Last year, owning all seven of them worked like a charm, but the group is fraying in the early stages of 2024, with Tesla stock plunging 29% and Apple down 12% so far this year.
As a result, investors might have to be more selective in 2024. Here's why Alphabet and Meta Platforms might be two of the best Magnificent Seven stocks to buy this month.
For further details see:
2 Trillion-Dollar "Magnificent Seven" Stocks to Buy Hand Over Fist in March