What are magnificent 7 tech stocks?
The Magnificent 7 stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — account for roughly 29% of the S&P 500 these days, according to data from Goldman Sachs. Such a top-heavy market creates unique occurrences.
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.”
The Magnificent Seven is a moniker for today's leading tech giants: Microsoft Corp. Apple Inc, Alphabet Inc, Amazon.com, Meta Platforms, NVIDIA Corp, and Tesla. A skeptical reading of the data might be that these are still warning signs for investors hoping to keep riding the rally.
| Ticker | Company | Performance (1 Year) |
|---|---|---|
| NVDA | NVIDIA Corp | 221.09% |
| CRWD | Crowdstrike Holdings Inc | 188.55% |
| AMD | Advanced Micro Devices Inc. | 131.46% |
| PANW | Palo Alto Networks Inc | 114.75% |
The group is made up of mega-cap stocks Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon.com (AMZN), Meta Platforms (META), Tesla (TSLA) and Nvidia (NVDA). In 2023, the Magnificent 7 stocks logged an impressive average return of 111%, compared to a 24% return for the broader S&P 500.
The Magnificent Seven stocks — Amazon.com (AMZN), Apple (AAPL), Google parent Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) are closing out a huge year, all easily beating the S&P 500 index.
In finance, the acronym "FANG" refers to the stocks of four technology companies: Facebook (META), Amazon (AMZN), Netflix (NFLX), and Google (GOOG).
If you wonder which company has the highest share price in the world, here is the answer. Berkshire Hathaway, the conglomerate headed by legendary investor Warren Buffett, has the most expensive stock in the world, with shares trading at over $400,000 each.
| Symbol | Price | Market cap |
|---|---|---|
| BRK.A D | 610086.00 USD | 880.005B USD |
| NVR D | 7390.65 USD | 23.548B USD |
| BKNG Common Stock D | 3716.84 USD | 129.68B USD |
| SEB D | 3459.51 USD | 3.359B USD |
India overtakes Hong Kong to become the world's seventh largest stock market. As of the end of November, the National Stock Exchange of India was valued at $3.989 trillion versus Hong Kong's $3.984 trillion.
Which 10 stocks to buy right now?
| STOCK | ACTION | TRADE PRICE |
|---|---|---|
| AEGISCHEM | BUY | 427 |
| SUDARSCHEM | BUY | 568 |
| JINDALPHOT | BUY | 665 |
| RATEGAIN | BUY | 906 |
He notes that technology companies were among the most profitable based on 4th quarter 2023 earnings reports. Over four of the previous five years, technology stocks have outpaced the broader stock market. 2022 was a notable exception. So far in 2024, technology stocks again have the edge.
Like Alphabet Inc. (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN), Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the best American tech stocks to buy according to analysts.
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. Bank of America analyst Michael Hartnett used the film name in 2023 when commenting on these seven firms.
Warren Buffett's Berkshire Hathaway (BRK.A) commands the No. 1 position, with an impressive stock price of over half a million dollars. Swiss chocolatier Lindt & Sprüngli (LISN) holds steady at No. 2 with its six-figure stock price of CHF 118,400.
A 5-star rating means the stock is undervalued and trading at an attractive discount relative to its fair value estimate.
| Rank | Company | 2023 Price%Chg |
|---|---|---|
| 1 | AbercrmFitch | 285.1 |
| 2 | Vertiv | 251.6 |
| 3 | SuperMicro | 246.2 |
| 4 | Nvidia | 238.9 |
- SoftBank Group Corp. (OTC:SFTBY)
- Palantir Technologies Inc. (NYSE:PLTR)
- CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
- Tesla Inc. (NASDAQ:TSLA)
- Palo Alto Networks Inc. (NYSE:PANW)
- Popular Stocks.
- HDFC Bank.
- ICICI Bank.
- SBI Life.
- TCS.
- Titan.
- Tata Consumer.
- UPL.
Based on analyst ratings, Nvidia's 12-month average price target is $703.30. What is NVDA's upside potential, based on the analysts' average price target? Currently there's no upside potential for NVDA, based on the analysts' average price target.
Is Tesla a buy or sell?
Based on analyst ratings, Tesla's 12-month average price target is $220.26. Tesla has 17.08% upside potential, based on the analysts' average price target. Tesla has a conensus rating of Hold which is based on 12 buy ratings, 17 hold ratings and 5 sell ratings.
Walmart has 4.49% upside potential, based on the analysts' average price target. Is WMT a Buy, Sell or Hold? Walmart has a conensus rating of Strong Buy which is based on 21 buy ratings, 4 hold ratings and 0 sell ratings.
With its 3-star rating, we believe Tesla's shares are fairly valued compared to our long-term fair value estimate. In 2024, we forecast Tesla will see a far slower growth rate, with deliveries increasing just 10% to a little under 2 million, from a little over 1.8 million in 2023.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Samkrg Pistons | 169.60 |
| 2. | Amarjothi Spg. | 171.00 |
| 3. | Haryana Leather | 70.94 |
| 4. | Nath Bio-Genes | 218.10 |
Historical daily share price chart and data for Amazon since 1997 adjusted for splits and dividends. The latest closing stock price for Amazon as of February 16, 2024 is 169.51. The all-time high Amazon stock closing price was 186.12 on July 08, 2021.
