Forget Tesla: Here Are 2 Better "Magnificent Seven" Stocks to Buy in April
The Magnificent Seven -- Alphabet, Amazon (NASDAQ: AMZN), Apple, Meta Platforms, Microsoft, Nvidia (NASDAQ: NVDA), and (NASDAQ: TSLA) -- has continued to outperform the broader market, up 15% year to date as a group, compared to a 6% return from the Nasdaq Composite.
However, not all stocks in this group have lived up to its label recently. Shares of Nvidia and Amazon have been two of the best performers, up 76% and 20% year to date, respectively. Meanwhile, Tesla stock has fallen 37% this year, as it is struggling to grow sales of electric vehicles (EVs) amid rising interest rates.
Accelerating growth in a company's revenue and profits usually leads to superior shareholder returns, and Nvidia and Amazon still have near-term catalysts that could support higher share prices. Here's why these two Magnificent Seven stocks are still solid choices.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 71 Buy predictions and 28 Sell predictions.
With a target price of 247 € there is a slightly positive potential of 8.55% for Tesla Inc compared to the current price of 227.55 €.
