What are the magnificent 7 stocks on the Nasdaq 100?
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).
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.
The Magnificent Seven stocks — S&P 500 giants Amazon.com (AMZN), Apple (AAPL), Google parent Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) — have been grouped together since the start of the bull market in January 2023.
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.
The Bloomberg Magnificent 7 Total Return Index advanced 107% in 2023 versus the overall S&P 500 Index at 24%, largely because the positive fundamentals more than offset headwinds from rising interest rates.
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.
The Magnificent Seven comprises Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA), and Alphabet (GOOG/GOOGL).
Heading into 2023, six out of the seven stocks in this category were considered undervalued by Morningstar analysts, according to Sekera. Today only Apple makes the cut, while the rest of the group is considered fairly valued or expensive.
The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
Nvidia is still a top stock to buy right now
Given that Nvidia is trading at 35 times forward earnings as compared to its five-year average earnings multiple of 42, now would be a good time to buy this top AI stock before it surges higher.
What are the Fab 5 stocks?
The "fab five" stocks — Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT) and Netflix, Inc.
In the current month, AAPL has received 49 Buy Ratings, 27 Hold Ratings, and 7 Sell Ratings. AAPL average Analyst price target in the past 3 months is $208.07.
| Company | Performance (Year) |
|---|---|
| Palo Alto Networks Inc (PANW) | 121.13% |
| Lilly(Eli) & Co (LLY) | 114.64% |
| Advanced Micro Devices Inc. (AMD) | 112.40% |
| Broadcom Inc (AVGO) | 107.66% |
| Company Name | LTP | % Change |
|---|---|---|
| DIL | 9.3 | 0.54 |
| Kanani Industries | 5.4 | -4.42 |
| Dynamic Cables Ltd | 432 | 0.30 |
| Hilton Metal Forging | 126.05 | -1.94 |
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. Berkshire Hathaway's market capitalisation is over $640 billion, making it one of the giant companies in the world.
Among the seven, only Chris, Vin, and Chico survive the fierce battle. The Magnificent Seven, directed by John Sturges, was a critical and commercial success. Elmer Bernstein's score is among cinema's most memorable and won an Academy Award.
Nasdaq OMX Wind™ (GRNWIND™) continued its late-year rebound with a gain of 11.0%, but still ended 2023 with a full-year loss of 15.4%. The Nasdaq-100 finished the year strong, notching one of the best full-year performances in its history with a gain of nearly 54%.
This is the second in the original series of four "Magnificent Seven" movies . This sequel to ¨Magnificent seven¨ is well played Yul Brynner as tough gunslinger named Chris who along with Vin , Robert Fuller, and their group set off in rescue some Mexican villagers .
Tesla Inc.
In March 2022, Pelosi purchased 2,500 shares of Tesla by exercising 25 call options with a strike price of $500. Pelosi had purchased those call options back in December 2020. Between the time the purchase was disclosed and the time she exercised the options, Tesla's share price climbed 36.1%.
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.
What stock did Warren Buffett buy?
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), recently revealed its latest stock transactions. One of its more notable purchases was shares of oil giant Chevron (NYSE: CVX). The move saw Buffett's company add to one of its biggest positions.
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.
Rakesh Radheyshyam Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant.
Popularly known as the “Warren Buffett of India,” Rakesh Jhunjhunwala is one of the greatest stock market investors India has ever seen. Born on July 5, 1960, Rakesh Jhunjhunwala was a stock market veteran. His father was an Income Tax Officer.
Alphabet is the cheapest Magnificent Seven stock
The other six stocks trade at an average P/E ratio of 53.2, implying Alphabet stock would have to climb 116% just to catch up.
