The "Magnificent Seven" Are at Their Lowest Relative Valuations in a Decade. My 3 Favorite Mag 7 Stocks to Buy.
Amazon, Alphabet, and Meta are my three favorite "Magnificent Seven" stocks to buy right now.
Overview
The so-called "Magnificent Seven" group of stocks -- Apple, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Microsoft, Nvidia, and Tesla -- has long traded at a premium to the S&P 500 index. For the past decade, the group has generally traded at a P/E about 30% above the benchmark index, but that premium has recently fallen to its lowest level ever, closer to just 10% above the benchmark. Much of that premium can be attributed to Tesla, which trades at a trailing P/E of over 350.
With the Magnificent Seven trading at its lowest-ever relative valuation, let's look at my three favorite stocks in the group to buy right now.
Image source: The Motley Fool.
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Originally published at www.fool.com.