Is the Magnificent Seven's Ride Coming to an End?

The Magnificent Seven group of high-profile technology companies, consisting of Nvidia, Meta, Amazon, Microsoft, Alphabet, Apple, and Tesla, rose 112% on average in 2023.

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Only four of the seven stocks outperformed the S&P 500 in the first quarter of 2024, with Nvidia and Meta posting the highest gains of 82% and Tesla declining by 30%.

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Investors are advised to do their homework and look at the fundamentals of the companies they invest in rather than blindly trusting the seven to sustain markets higher.

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The group of winners is now called the Fantastic Four, while LPL Financial calls the companies ex-Tesla the Super Six, and it's hard to classify them as one group due to their diverging fundamental performance.

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Some question whether the grouping still makes sense for any longer and whether it's time to coalesce the seven companies into a definitive group of seven stocks.

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Is the Magnificent Seven's Ride Coming to an End?

Is the Magnificent Seven's Ride Coming to an End?

The Magnificent Seven group of high-profile technology companies, consisting of Nvidia, Meta, Amazon, Microsoft, Alphabet, Apple, and Tesla, rose 112% on average in 2023.

The Magnificent Seven group of high-profile technology companies, consisting of Nvidia, Meta, Amazon, Microsoft, Alphabet, Apple, and Tesla, rose 112% on average in 2023.

Only four of the seven stocks outperformed the S&P 500 in the first quarter of 2024, with Nvidia and Meta posting the highest gains of 82% and Tesla declining by 30%.

Only four of the seven stocks outperformed the S&P 500 in the first quarter of 2024, with Nvidia and Meta posting the highest gains of 82% and Tesla declining by 30%.

Investors are advised to do their homework and look at the fundamentals of the companies they invest in rather than blindly trusting the seven to sustain markets higher.

Investors are advised to do their homework and look at the fundamentals of the companies they invest in rather than blindly trusting the seven to sustain markets higher.

The group of winners is now called the Fantastic Four, while LPL Financial calls the companies ex-Tesla the Super Six, and it's hard to classify them as one group due to their diverging fundamental performance.

The group of winners is now called the Fantastic Four, while LPL Financial calls the companies ex-Tesla the Super Six, and it's hard to classify them as one group due to their diverging fundamental performance.

Some question whether the grouping still makes sense for any longer and whether it's time to coalesce the seven companies into a definitive group of seven stocks.

Some question whether the grouping still makes sense for any longer and whether it's time to coalesce the seven companies into a definitive group of seven stocks.

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