There Are Only 3 'Magnificent Seven' Stocks I Would Buy in 2024
The "Magnificent Seven" stocks dominated in 2023 -- all outperforming the S 500 by a wide margin. The term was coined by Bank of America analyst Michael Hartnett to describe seven large tech-focused companies: Apple (NASDAQ: AAPL), (NASDAQ: MSFT), Amazon, Alphabet, Meta Platforms, Nvidia, and Tesla (NASDAQ: TSLA).
Each company has its own pros and cons. But one thing is certain among them all. They've all gotten a lot more expensive after this year's run-up, so it's time to be selective in 2024. Valuations matter, and there's only so much an investor should pay for a company's future earnings.
With that in mind, here's why Tesla, Apple, and Microsoft are the only three Magnificent Seven stocks I would consider buying next year.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 133 Buy predictions and 2 Sell predictions.
With a target price of 449 € there is a slightly positive potential of 3.95% for Microsoft Corp. compared to the current price of 431.95 €.
