Halfway Into 2024: 2 Underperforming "Magnificent Seven" Stocks to Buy Before They Take Off
The "Magnificent Seven" represent some of the strongest businesses around. However, a few members of this elite group have failed to live up to expectations in the first half of 2024.
Since the beginning of the year, the widely followed S 500 index has climbed 14.8% through June 26, but weak iPhone sales have weighed on (NASDAQ: AAPL) shares, which are up 11.6%. Tesla (NASDAQ: TSLA) has been the worst performer, with a recent dip in sales from its electric cars sending the stock down 21%.
Sometimes, betting on strong companies when they are experiencing temporary weakness can pay off over the long run. Indeed, both companies have promising growth opportunities unfolding in artificial intelligence (AI), which could have a huge impact on shareholder returns over the next decade.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 104 Buy predictions and 6 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 2.09% for Apple Inc. compared to the current price of 205.7 €.
