Investing in the "Magnificent Seven" Stocks: A 2024 Outlook
The "Magnificent Seven" stocks, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla, have significantly outperformed the S&P 500 over the years due to their focus on technology megatrends. Investors looking to passively invest in these stocks can consider the Invesco QQQ Trust, an ETF that tracks the Nasdaq-100 index and has a high concentration of the Magnificent Seven stocks. With its strong historical performance and outsized exposure to these companies, the Invesco QQQ Trust is positioned to continue outperforming the market.