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Rating the Magnificent 7 Stocks in 2024


Published on 2024-12-04 14:08:11 - Thomas Matters, WOPRAI
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  • The Visual Capitalist published a chart in June that highlighted the Magnificent 7's stock buybacks between June 2023 and June 2024. Five of the seven bought back $208 billion of their stock over these 12 months,

The article from 24/7 Wall St. discusses the performance and outlook for the "Magnificent Seven" tech stocks in 2024, which include Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms. It provides a detailed analysis of each company's stock performance, market conditions, and future expectations. Here are the key points:

  • Apple: Despite facing challenges like a sluggish Chinese market and regulatory issues, Apple's stock is seen as a long-term hold due to its strong brand and ecosystem.
  • Microsoft: Continues to grow through cloud computing and AI, with Azure being a significant driver. Its stock is rated as a buy due to its diversified business model.
  • Alphabet: Google's parent company is navigating through ad revenue fluctuations but is investing heavily in AI and other tech innovations, making it a hold with potential for growth.
  • Amazon: Its e-commerce dominance and expansion into cloud services (AWS) and advertising make it a strong buy, despite concerns over its valuation.
  • Nvidia: Riding the wave of AI and data center demand, Nvidia's stock has soared, but its high valuation prompts a cautious approach, suggesting a hold.
  • Tesla: Facing production challenges and market competition, Tesla's stock is viewed with caution, recommended as a hold due to its volatile nature.
  • Meta Platforms: After a tough 2022, Meta has shown signs of recovery with cost-cutting measures and a focus on the metaverse, making it a buy for those believing in its long-term vision.

    The article concludes that while these stocks have been market leaders, investors should consider each company's unique challenges and opportunities when making investment decisions in 2024.

    Read the Full 24/7 Wall St Article at:
    [ https://247wallst.com/investing/2024/12/04/rating-the-magnificent-7-stocks-in-2024/ ]
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