Should You Buy the 4 "Magnificent Seven" Stocks That Underperformed the S&P 500 and Nasdaq Composite in 2024?
The "Magnificent Seven" is a group of industry-leading technology-oriented companies that posted explosive gains in 2023. The seven stocks are Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), and (NASDAQ: TSLA).
Nvidia, Meta Platforms, and Apple continue to outperform the S 500 and Nasdaq Composite in 2024. Despite reporting steep growth and upbeat guidance, Nvidia shares sold off on Aug. 29 in the wake of its quarterly print, but it was still up 141% year to date through the end of August.
Alphabet, Amazon, Microsoft, and Tesla, however, are all lagging the benchmark indexes so far in 2024. Here are the pros and cons of investing in each of these four companies, and my pick for the best one to buy now.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 80 Buy predictions and 30 Sell predictions.
As a result the target price of 249 € shows a positive potential of 25.05% compared to the current price of 199.12 € for Tesla Inc.
