The "Magnificent Seven" is a prestigious group of technology stocks with a combined market capitalization of $13.3 trillion. These seven stocks delivered blockbuster gains in 2023 and were responsible for most of the upside in the benchmark S 500 index because of their sheer size.

The companies that make up the Magnificent Seven are:

A case can be made for owning a slice of all seven companies. However, some of the shine has come off the group as a whole in the early stages of 2024, particularly because Tesla stock has plunged 22% for the year already. Apple is also in the red so far. On the other hand, Amazon is having a great 2024 with an impressive 16% gain to date, although it has yet to reclaim its all-time high from 2021.

Continue reading

Source Fool.com