Recession fears resurfaced last week when a disappointing jobs report raised questions about whether the Federal Reserve has waited too long to cut interest rates. That knocked the Nasdaq Composite (NASDAQINDEX: ^IXIC) into correction territory, meaning the technology-heavy index has fallen at least 10% from its record high.

The "Magnificent Seven" stocks have suffered double-digit declines, though some have been hit harder than others. Amazon (NASDAQ: AMZN) plunged 20% from its high, while (NASDAQ: AAPL) has slipped just 11%. Investors may be tempted to buy the dip in both cases, but not every pullback is a buying opportunity.

Amazon shares currently trade at a reasonable valuation, but Apple shares still look expensive. Here are the important details.

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Source Fool.com