2024-05-16 09:00:00 ET
The " Magnificent Seven " companies caught the market by storm in 2023 for their market-crushing gains. But the group has showed signs of cooling off.
Nvidia (NASDAQ: NVDA) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , and Amazon (NASDAQ: AMZN) are the only three Magnificent Seven stocks that are outperforming the Nasdaq Composite (NASDAQINDEX: ^IXIC) over the last three months.
Here's why each of the three is doing well, whether these stocks are buys, and how to approach investing in the Magnificent Seven right now.
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Meet the Only 3 "Magnificent Seven" Stocks Outperforming the Nasdaq Composite Over the Last 3 Months