With Tesla and Apple Stocks Recovering, Is the "Magnificent Seven" Officially Firing on All Cylinders Again?
Megacap growth stocks sold off big time in 2022 before staging a massive recovery the following year. The rebound was led by household names, including Microsoft, Apple (NASDAQ: AAPL), Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla (NASDAQ: TSLA) -- a group known as the "Magnificent Seven."
Apple and Tesla had a slow start to 2024, though. At one point, Tesla was the worst-performing stock in the S 500. However, the narrative has completely changed. Besides Nvidia, Tesla and Apple have been the best-performing Magnificent Seven stocks over the last three months.
Now that these laggards have joined the party, the Magnificent Seven are universally back in favor. Here's what's driving Apple and Tesla higher and how to approach investing in the Magnificent Seven now.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 70 Buy predictions and 28 Sell predictions.
With a target price of 249 € there is a slightly positive potential of 13.36% for Tesla Inc compared to the current price of 219.65 €.
