Nasdaq Correction: My Top "Magnificent Seven" Stock to Buy in August
Last week's sell-off pushed the Nasdaq Composite into correction territory. A correction is defined as a drawdown of at least 10% from a high, whereas a bear market is at least 20%. The Nasdaq Composite hit an all-time high in early July, only to evaporate trillions in market cap by the end of the month.
The "Magnificent Seven" -- a term used to describe Apple, (NASDAQ: MSFT), Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla -- has been hit particularly hard by the sell-off. Investors looking to buy the dip in top growth stocks may be wondering which Magnificent Seven stock is the most compelling opportunity.
While you could make a case for each of the seven companies, Microsoft stands out to me. Here's why it's worth considering in August.
Source Fool.com
Microsoft Corp. Stock
With 111 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 13.92% compared to the current price of 372.2 € for Microsoft Corp..
