Amazon and Microsoft are at the top of their games, while Alphabet and Tesla face challenging hurdles.
The “Magnificent Seven” is a group of industry-leading technology-oriented companies that posted explosive gains in 2023. The seven stocks are Microsoft (MSFT -1.64%), Apple (AAPL -0.70%), Nvidia (NVDA -4.08%), Alphabet (GOOGL -4.02%) (GOOG -4.08%), Amazon (AMZN -3.65%), Meta Platforms (META -3.21%), and Tesla (TSLA -8.45%).
Nvidia, Meta Platforms, and Apple continue to outperform the S&P 500 and Nasdaq Composite in 2024. Despite reporting steep growth and upbeat guidance, Nvidia shares sold off on Aug. 29 in the wake of its quarterly print, but it was still up 141% year to date through the end of August.
Alphabet, Amazon, Microsoft, and Tesla, however, are all lagging the benchmark indexes so far in 2024. Here are the pros and cons of investing in each of these four companies, and my pick for the best one to buy now.
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