What are the 7 stocks driving the market?
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent
The “Magnificent Seven” might sound like the title of an old Western film or what a large family might name its group chat, but in finance the moniker is being used to describe a group of high-performing tech stocks: Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla.
The Magnificent Seven stocks are a group of high-performing and influential companies in the U.S. stock market: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla.
Much of the returns in the broad market have come from the stocks known as the Magnificent Seven: Nvidia NVDA, Meta Platforms META, Apple AAPL, Amazon.com AMZN, Microsoft MSFT, Alphabet GOOGL/GOOG, and Tesla TSLA. Over the past year, the group has been responsible for 33% of the market's rally.
Instead, it's the stocks of mega-size companies – Alphabet (GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) – that have soared in price over the past year, propelling the broad market to double-digit returns.
- Alphabet: $165 per share (20% upside).
- Amazon: $205 per share (16% upside).
- Apple: $200 per share (18% upside).
- Meta Platforms: $525 per share (2% upside).
- Microsoft: $465 per share (14% upside).
- Nvidia: $870 per share (5% downside).
- Nvidia. Nvidia (NASDAQ: NVDA) sells the world's top-performing artificial intelligence (AI) chip, the H100 graphics processing unit (GPU) that powers crucial operations such as the training and inference of AI models. ...
- Amazon.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns.
A 5-star rating means the stock is trading meaningfully below fair value. 3. Morningstar's rating system also factors in an uncertainty adjustment (known as the Fair Value Uncertainty rating).
1. Nvidia (NVDA) Nvidia is one of the best performing stocks of all-time and has richly rewarded shareholders over the past decade. Nvidia initially rose to prominence for its chips used for video-game graphics, but its business has boomed recently thanks to the rise of artificial intelligence.
What 7 stocks are driving the S&P 500?
Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen nearly 117 percent, far outpacing the performance of the other 493 companies in the S&P 500. Together, these stocks have become known as the “Magnificent Seven.”
After all, these seven companies – which include Apple AAPL, Amazon AMZN, Meta Platforms META, Alphabet GOOGL, Microsoft MSFT, Nvidia NVDA, and Tesla TSLA – account for nearly 30% of the S&P 500's total market capitalization.
The ride of the Magnificent 7, the name given to a group of high-profile technology companies, may be nearing an end. Shares of the seven companies—Nvidia (NVDA), Meta (META), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Apple (AAPL) and Tesla (TSLA)—rose 112% on average in 2023.
| Stock | Implied upside from April 25 close* |
|---|---|
| Tesla Inc. (TSLA) | 23.4% |
| Mastercard Inc. (MA) | 19% |
| Salesforce Inc. (CRM) | 20.8% |
| Advanced Micro Devices Inc. (AMD) | 30.1% |
| Stock | 2024 return through March 31 |
|---|---|
| Arcutis Biotherapeutics Inc. (ARQT) | 206.8% |
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Guj. Themis Bio. | 408.70 |
| 2. | Refex Industries | 168.05 |
| 3. | Tata Elxsi | 7103.70 |
| 4. | M K Exim India | 91.75 |
Hedge funds
Billionaires have access to another investment avenue, called hedge funds, that the average person doesn't. You can invest in a variety of things through a hedge fund, including individual stocks, land, commodity futures, bonds, and currencies.
| Company (Ticker) | Forward P/E Ratio |
|---|---|
| Citigroup, Inc. (C) | 8.4 |
| Fidelity National Information Services, Inc. (FIS) | 15.3 |
| Intuitive Surgical, Inc. (ISRG) | 60.9 |
| The Kraft Heinz Company (KHC) | 12.2 |
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| Amazon.com (AMZN) | 1.30 | Strong Buy |
| Microsoft (MSFT) | 1.32 | Strong Buy |
| Delta Air Lines (DAL) | 1.35 | Strong Buy |
| Nvidia (NVDA) | 1.38 | Strong Buy |
What brokerage firms do billionaires use? Many very wealthy individuals use the top brokerage firms, such as Fidelity, Schwab, Vanguard, and TD Ameritrade, among others. They invest in private equity and hedge funds.
What is the most profitable stock to buy right now?
| Company | Analyst Recommendation |
|---|---|
| Alexandria Real Estate Equities Inc. | 1.15 |
| Microsoft Corporation | 1.21 |
| Amazon.com Inc. | 1.23 |
| Lamb Weston Holdings Inc | 1.25 |
AMZN Analyst Recommendation Trends
In the current month, AMZN has received 81 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. AMZN average Analyst price target in the past 3 months is $212.41.
The Roundhill Magnificent Seven ETF trades on the Nasdaq under the ticker symbol 'MAGS'.
The Magic 7 is an animated television film written and directed by Roger Holzberg. It was slated to air on Earth Day (April 22) in 1997, but was postponed. After later plans for a 2005 release, the film was again suspended.
Magic, Inc. operates as a software company. The Company develops platform that provides virtual assistant serices to scale your business. Magic serves customers in the United States.
References
- https://www.wsj.com/buyside/personal-finance/magnificent-7-stocks-0d68cab6
- https://www.nytimes.com/interactive/2024/01/22/business/magnificent-seven-stocks-tech.html
- https://www.nerdwallet.com/article/investing/best-performing-stocks
- https://www.roundhillinvestments.com/etf/mags/
- https://money.usnews.com/investing/articles/best-performing-stocks-of-the-year
- https://www.investopedia.com/is-the-ride-of-the-magnificent-seven-over-8608006
- https://en.wikipedia.org/wiki/The_Magic_7
- https://pillarwm.com/best-brokerage-firms-for-high-net-worth/
- https://finance.yahoo.com/news/2-magnificent-seven-stocks-buy-201000743.html
- https://www.fool.com/the-ascent/buying-stocks/articles/heres-how-billionaires-buy-stocks/
- https://money.usnews.com/investing/articles/best-growth-stocks-to-buy
- https://www.kiplinger.com/investing/stocks/where-can-the-magnificent-seven-stocks-go-in-2024
- https://www.nasdaq.com/articles/the-single-best-magnificent-seven-stock-to-buy-right-now-according-to-wall-street
- https://www.investopedia.com/magnificent-seven-stocks-8402262
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- https://www.morningstar.com/best-investments/five-star-stocks
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- https://www.bloomberg.com/profile/company/2032465D:US
- https://www.morningstar.com/markets/blackrocks-li-why-magnificent-seven-driven-stock-market-rally-makes-sense
- https://www.forbes.com/advisor/investing/best-stocks-to-buy-now/
- https://finance.yahoo.com/news/really-just-magnificent-7-propping-183200164.html
- https://www.kiplinger.com/investing/analysts-top-sandp-500-stocks-to-buy-now
