Top "Magnificent Seven" Picks for Patient Long-Term Investors
Both stocks have been underwhelming recently, but the long-term appeal is strong.
Overview
The "Magnificent Seven" stocks are Nvidia, Apple, Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet, Meta Platforms, and Tesla. The group became known as the Magnificent Seven in 2023, when they drove much of the broader market's gains. Even today, they account for a third of the S&P 500, so their performance influences a lot.
Even though they're often discussed as a group, their performance over the past three years has varied widely. In that time, Microsoft and Amazon have been the second- and third-worst-performing Magnificent Seven stocks, up 48.6% and 73.8%, respectively (as of Sept. 14). Tesla has been the worst performer, up 31.9%, while the S&P 500 is up 70.4%.
Details
Despite the underwhelming performance over the past few years, Microsoft and Amazon are still great buys for patient long-term investors.
Source
Originally published at www.fool.com.