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Magnificent Seven Stocks

All articles tagged with #magnificent seven stocks

finance1 year ago•5 min saved

"Top Growth Stocks to Watch: The Magnificent Seven for 2024"

The "Magnificent Seven" stocks, including Nvidia, Meta Platforms, Tesla, Amazon, Alphabet, Microsoft, and Apple, were top performers in the Nasdaq Composite in 2023, with gains ranging from 48% to 239%. Despite these strong performances, certain Wall Street analysts believe that Tesla, Nvidia, and Amazon still have significant upside potential of between 45% and 84% over the coming year. Analysts cite factors such as Tesla's long-term growth prospects, Nvidia's position to benefit from generative AI, and Amazon's strong foundation for future growth driven by AI.

via The Motley Fool|

#finance #magnificent-seven-stocks #nasdaq-composite

finance-and-business2 years ago•3 min saved

"2024's Market Shift: Beyond the Magnificent Seven to the Fab Four"

The "Magnificent Seven" tech stocks, including Nvidia, Microsoft, and Amazon, are facing early tests in 2024 as they react to market movements and key moving averages. Investors are closely watching these stocks' performance around the 21- and 50-day moving averages, volume trends, and relative strength lines to gauge market demand and potential trend changes. Nvidia, as an example, is forming a flat base with a specific buy point, and its relative strength line has shown some downward movement at the start of the year. The IBD Breakout Opportunities ETF (BOUT) offers an alternative way to invest in these stocks by tracking the IBD Breakout Stocks Index.

via Investor's Business Daily|

#finance-and-business #magnificent-seven-stocks #market-indicators

stock-market2 years ago•5 min saved

Top 7 Must-Buy Stocks for 2024

The "Magnificent Seven" stocks, which have a combined value of $12 trillion and account for 28% of the S&P 500's total value, are expected to continue outperforming the broader market in 2024. Two stocks from this group that show potential are Tesla and Meta Platforms. Tesla's price cuts have put pressure on competitors, forcing them to scale back their EV plans, while Tesla itself has seen slower financial growth. However, favorable economic conditions and retreating competitors could lead to a strong year for Tesla in 2024. Meta Platforms, on the other hand, has implemented cost-cutting measures and focused on AI-powered recommendations, leading to record-high revenue and net income. Wall Street predicts that both Tesla and Meta Platforms will see earnings growth in 2024, making them attractive investments.

via The Motley Fool|

#2024 #magnificent-seven-stocks #meta-platforms

finance2 years ago•5 min saved

"Market Shakeup: Magnificent Seven Stocks Slide as Oracle Dives and CPI Awaits"

Dow Jones futures were little changed ahead of Tuesday's open as investors awaited the release of the Labor Department's CPI inflation report. The Magnificent Seven stocks, including Meta Platforms, Nvidia, and Tesla, experienced sharp losses. The Federal Reserve policy update and key earnings reports from companies like Adobe, Darden Restaurants, and Lennar are also in focus this week. Additionally, Oracle's stock plunged after missing sales estimates, while Apple and Microsoft traded lower.

via Investor's Business Daily|

#cpi-inflation-report #dow-jones-futures #earnings-reports

finance2 years ago•3 min saved

Morgan Stanley Analyst Forecasts 11% S&P 500 Surge, Gold Remains Resilient

Morgan Stanley analyst Andrew Slimmon predicts that the S&P 500 could surge another 11% by the end of the year, driven by gains in the "Magnificent Seven" stocks, which include Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta. Despite their strong performance this year, Slimmon believes these stocks still have room to grow and expects investors to pile in during the fourth quarter. He anticipates the S&P 500 to reach a benchmark closer to 5,000, representing an 11% increase. However, some analysts, including fellow Morgan Stanley strategist Mike Wilson, hold a more bearish outlook and caution against the risks of climbing to new heights.

via Fortune|

#finance #magnificent-seven-stocks #market-analysis