The S&P 500 continues to rocket higher in the first three months of 2024, fueled in part by the continued outperformance of the "Magnificent Seven."

The seven monster stocks accounted for practically all of the S 500's positive performance in the first half of 2023 and have continued to move higher as a group since then. Not every member of the group has beat the market in 2024, but those that have -- Nvidia (NASDAQ: NVDA) and Meta Platforms -- have significantly outperformed. and Tesla are the only members that have meaningfully lagged the broader index.

While the performance of the Magnificent Seven since the start of 2023 has been spectacular, every good investor knows past performance is not indicative of future results. Investors should be determining whether today's stock price justifies the potential future returns from the business. That's where one of the Magnificent Seven looks particularly appealing, and another member seems overpriced.

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Source Fool.com