1 Mental Trick You Can Use If You Want to Invest in the S&P 500 but Don't Like the "Magnificent Seven"
The Magnificent Seven stocks have gotten a lot of buzz as of late. And for good reason.
The term was coined by Bank of America analyst Michael Hartnett and is used to describe seven massive tech-focused companies -- (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Nvidia (NASDAQ: NVDA), and Tesla (NASDAQ: TSLA). All seven companies are industry leaders and influential in their own right. But 2023 changed just how important this group is.
Last year, the Magnificent Seven gained between 48.2% on the low end (Apple) and a blistering 238.9% on the high end (Nvidia). Even more astonishing is the sheer value creation.
Source Fool.com