Which Magnificent 7 stock to buy?
The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft.
Company Name | Symbol | 2024 YTD Performance |
---|---|---|
Meta Platforms | (META) | +44.7% |
Microsoft | (MSFT) | +8.8% |
Nvidia | (NVDA) | +87.1% |
Tesla | (TSLA) | -28.1% |
- Johnson & Johnson (NYSE:JNJ)
- Chevron Corporation (NYSE:CVX)
- JPMorgan Chase & Co. (NYSE:JPM)
- Mastercard Incorporated (NYSE:MA)
- Citigroup Inc. (NYSE:C)
- Cisco Systems, Inc. (NASDAQ:CSCO)
- Adobe Inc. (NASDAQ:ADBE)
- Visa Inc. (NYSE:V)
Ticker | Company | Performance (Year) |
---|---|---|
NVDA | NVIDIA Corp | 242.13% |
SOUN | SoundHound AI Inc | 194.50% |
SYM | Symbotic Inc | 114.90% |
UPST | Upstart Holdings Inc | 107.01% |
Stock | Market Capitalization | Sector |
---|---|---|
Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
Sysco Corp. (SYY) | $41 billion | Consumer staples |
Coca-Cola Co. (KO) | $261 billion | Consumer staples |
S&P Global Inc. (SPGI) | $134 billion | Financials |
The Vanguard Mega Cap Growth Index Fund ETF (NYSEMKT: MGK) is a great example. Nearly 59% of this Vanguard ETF is invested in the so-called "Magnificent Seven" stocks.
The phrase "Magnificent Seven" was coined last year to describe the seven most prominent tech companies, which include Alphabet, Amazon (NASDAQ: AMZN), Apple, Meta Platforms, Microsoft, Nvidia (NASDAQ: NVDA), and Tesla.
Company Name | LTP | Action |
---|---|---|
Biocon Ltd | 261.4 | Buy |
Infosys Ltd | 1494.85 | Buy |
Tata Steel Ltd | 153.05 | Buy |
Sharda Cropchem Ltd | 326 | Buy |
- Intuit Inc. (NASDAQ:INTU) Number of Q4 2023 Hedge Fund Shareholders: 75. ...
- Tesla, Inc. (NASDAQ:TSLA) ...
- Booking Holdings Inc. (NASDAQ:BKNG) ...
- Netflix, Inc. (NASDAQ:NFLX) ...
- Broadcom Inc. (NASDAQ:AVGO) ...
- Micron Technology, Inc. (NASDAQ:MU) ...
- Adobe Inc. (NASDAQ:ADBE) ...
- Apple Inc. (NASDAQ:AAPL)
Company (Ticker) | Forward P/E Ratio |
---|---|
Humana (HUM) | 13.9 |
Fidelity National Information Services (FIS) | 13.4 |
Citigroup (C) | 8.0 |
Lear (LEA) | 7.7 |
Is AMZN a buy right now?
Amazon has a conensus rating of Strong Buy which is based on 41 buy ratings, 0 hold ratings and 0 sell ratings. What is Amazon's price target? The average price target for Amazon is $209.59. This is based on 41 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
- Super Micro Computer. Super Micro Computer (NASDAQ: SMCI), or Supermicro, has soared more than 750% over the past year, thanks to its key role in AI. ...
- Amazon. Amazon (NASDAQ: AMZN) is present in just about every area of AI. ...
- Palantir Technologies.
What are the best AI stocks to buy now? Some of the best AI stocks that you can buy with less than $5 are Nerdy (NRDY), BigBear.ai Holdings (BBAI) and FiscalNote (NOTE). These stocks are poised to see considerable growth in the future.
These players, among the most heavily weighted in the S&P 500, have helped the benchmark soar into bull territory over the past year or so and could continue to drive gains thanks to their growth prospects. These top stocks are: Alphabet, Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla.
Walmart has 8.32% upside potential, based on the analysts' average price target. Is WMT a Buy, Sell or Hold? Walmart has a conensus rating of Strong Buy which is based on 25 buy ratings, 3 hold ratings and 0 sell ratings.
The Magnificent 7 refers to the seven most influential stocks in the S&P 500 index. These stocks, including NVIDIA NVDA +3.1% , Meta Platforms, Tesla TSLA -0.8% , Amazon AMZN +0.4% , Alphabet, Microsoft MSFT -0.1% , and Apple AAPL +0.5% , have dominated the market, driving significant gains in the major indexes.
Symbol | Name | 5-Year Return |
---|---|---|
VONG | Vanguard Russell 1000 Growth ETF | 18.33% |
IWF | iShares Russell 1000 Growth ETF | 18.24% |
QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 18.12% |
VUG | Vanguard Growth ETF | 17.86% |
The largest MLPs ETF is the Alerian MLP ETF AMLP with $8.36B in assets. In the last trailing year, the best-performing MLPs ETF was MLPR at 58.80%. The most recent ETF launched in the MLPs space was the JPMorgan Alerian MLP Index ETN due January 28, 2044 AMJB on 01/26/24.
The reigning king
The SPDR S&P 500 ETF Trust (SPY) remains at the forefront of S&P 500 ETFs, boasting an impressive $478 billion in assets under management (AUM). Remarkably, this ETF celebrated its 31st anniversary on January 22, 2024, coinciding with the day the S&P 500 index reached its recent all-time high.
Stock | Expected Change in Stock Price* |
---|---|
Tesla Inc. (TSLA) | 61% |
Mastercard Inc. (MA) | 14.2% |
Salesforce Inc. (CRM) | 7.2% |
Advanced Micro Devices Inc. (AMD) | 11.3% |
Will stocks go back up in 2024?
For now at least, analysts are anticipating S&P 500 earnings growth will continue to accelerate in the first half of 2024. Analysts project S&P 500 earnings will grow 3.9% year-over-year in the first quarter and another 9% in the second quarter.
As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.
Symbol | Name | Price (Intraday) |
---|---|---|
AAPL | Apple Inc. | 171.93 |
CLSK | CleanSpark, Inc. | 21.66 |
RIVN | Rivian Automotive, Inc. | 11.02 |
NVDA | NVIDIA Corporation | 906.72 |
Company | Ticker symbol |
---|---|
Diamondback Energy | FANG |
Delta Air Lines | DAL |
Thermo Fisher Scientific | TMO |
Discover Financial Services | DFS |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Dixon Technolog. | 7397.05 |
2. | The Hi-Tech Gear | 779.10 |
3. | Bajaj Auto | 9219.80 |
4. | Marsons | 36.72 |
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