Apple and Tesla Are the Only "Magnificent Seven" Stocks Trailing the S&P 500 So Far This Year. Are They Worth Buying Now?
2023 was dominated by the "Magnificent Seven," which drove the bulk of the S 500's total return last year. This year, it's more like the Fab Five.
While Nvidia, Microsoft, , Amazon, and Meta Platforms have all continued to outpace the market benchmark through the first half of the year, two members of the group have failed to keep pace. Apple (NASDAQ: AAPL) shares are up about 15% this year, trailing the S 500's 16% year-to-date return. Shares were down more than 10% at one point this year. Tesla (NASDAQ: TSLA) stock is still down about 1% for the year despite a recent surge in the share price.
Should investors expect these two market leaders to return to their 2023 form or continue trailing the market?
Source Fool.com