A Third "Magnificent Seven" Stock Just Broke Below This Key Indicator. Should Investors Be Worried?
The stock market has sold off a little recently, but it has still been an overall excellent start to the year, with the S 500 up 7% as of market close March 6. However, some major stocks are under pressure.
The "Magnificent Seven" -- Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA) -- collectively make up 29% of the S 500. The performance of these companies has ripple effects throughout the broader market.
Alphabet, now down 6% year to date, just joined Apple and Tesla in falling below its 200-day moving average. Here's why I'm watching that metric. It's not a buy or sell signal, but it's interesting.
Source Fool.com
Alphabet Inc. A Stock
With 94 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 180 € there is a slightly positive potential of 13.29% for Alphabet Inc. A compared to the current price of 158.88 €.
