While 2022 was among the worst years in recent memory for many investors, the market recovery over the past year is providing welcome relief. The Nasdaq Composite has helped lead the charge, up 42% so far in 2023, sitting just 7% below its all-time high (as of this writing). Once the index exceeds that benchmark, it will have checked off the final criteria necessary to signal the arrival of the new bull market.

Yet, the recovery has been remarkably uneven. While a great many stocks are still struggling to gain ground, the so-called Magnificent Seven (listed below in alphabetical order) have outpaced the broader market by a wide margin so far this year (returns are as of market close on Friday):

Even after the stellar performances this year, certain Wall Street analysts suggest that three of these stocks still have significant upside potential and could gain between 50% and 125% over the course of 2024.

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Source Fool.com