The Magnificent 7 stocks have driven the US equity markets to new peaks in 2023 and contributed almost one-third of the S&P 500’s +23.0% gains year to date. But can this continue in 2024?
What are the magnificent seven stocks?
The magnificent seven stock as some of the biggest and best performing US stocks including:
Microsoft (MSFT),
Apple (AAPL),
Nvidia (NVDA),
Amazon.com,
Meta Platforms (META),
Tesla (TSLA)
Alphabet (GOOG)
We can get a flavour of just how much difference these mega-cap stocks have made to the performance of the broad-based US equity index, by comparing the market cap weighted S&P 500 (in black) to its equal weigh...
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