Shares of the Magnificent Seven have been buying and selling blended Thursday morning, however they’ve had a stellar 2024 and the long run appears to be like shiny.
This 12 months, Apple is up 34%, Nvidia is up 180%, Alphabet is up 39%, Meta Platforms is up 70%, Amazon.com is up 49%, Tesla is up 82% and Microsoft is up 16%.
“The Magnificent Seven boast spectacular top-line and bottom-line progress, distinctive working margins, and monopolistic positions inside their industries,” wrote David Miller, chief funding officer at Catalyst Funds. “Mainly, there isn’t a lot stopping them, and even the obstacles they face have all the time benefited shareholders.”
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