What are the 7 tech stocks driving the market? (2024)

What are the 7 tech stocks driving the market?

The “Magnificent Seven” might sound like the title of an old Western film or what a large family might name its group chat, but in finance the moniker is being used to describe a group of high-performing tech stocks: Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla.

What are the 7 big tech stocks?

Key Facts. Apple, Microsoft, Nvidia, Tesla, Meta, Alphabet and Amazon each outgained the broader market in 2023, but it's been a mixed bag for the group over the first eight weeks of 2024 even as indexes sit at record highs.

What 7 stocks are carrying the market?

The Magnificent Seven stocks carried the markets in 2023, far outperforming most of the rest. These seven stocks — Nvidia, Microsoft, Apple, Amazon, Alphabet, Tesla, and Meta — returned an average of 111% last year, compared to a roughly 25% return for the S&P 500 and a 54% return for the Nasdaq 100.

What are the 7 Wonder stocks?

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the first quarter of 2024 showed a big divergence of returns.

What are the Magnificent 7 US stocks?

Most of the market returns in recent months have been driven by the so-called Magnificent Seven – Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), Nvidia (NVDA), Tesla (TSLA), and Meta Platforms (META).

What are the Magnificent 7 stocks in 2024?

How Are the 'Magnificent 7' Stocks Performing in 2024 So Far?
  • Alphabet (GOOGL) ...
  • Amazon (AMZN) ...
  • Apple (AAPL) ...
  • Meta (META) ...
  • Microsoft (MSFT) ...
  • Nvidia (NVDA) ...
  • Tesla (TSLA)
Apr 8, 2024

What 7 stocks are propping up the S&P 500?

After all, these seven companies – which include Apple AAPL, Amazon AMZN, Meta Platforms META, Alphabet GOOGL, Microsoft MSFT, Nvidia NVDA, and Tesla TSLA – account for nearly 30% of the S&P 500's total market capitalization.

What are the best 7 stocks?

The seven megacap stocks — Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Alphabet (GOOG), Amazon.com (AMZN), Meta (META) and Tesla (TSLA) — account for 29.7% of the S&P 500 as of April 17, says Datatrek Research. That's up from the group's 27.9% weight in the S&P 500 in 2023.

What stocks are driving the stock market?

18 Symbols
  • MSFT414.580.94% Microsoft Corporation.
  • AAPL169.38-3.31% Apple Inc.
  • NVDA874.1514.14% NVIDIA Corporation.
  • GOOG156.00-0.33% Alphabet Inc.
  • AMZN183.32-0.30% Amazon.com, Inc.
  • META499.76-0.47% Meta Platforms, Inc.
  • TSLA157.11-4.37% Tesla, Inc.
  • CRM277.414.51% Salesforce, Inc.

What are the 5 star stocks?

Five-star stocks, should offer an investor a return that's higher than the company's cost of equity. Low-rated stocks have significantly lower expected returns. Three-star stocks are those that should offer a "fair return," one that adequately compensates for the riskiness of the stock.

What are the 10 best stocks to buy right now?

10 Best Value Stocks to Buy Now
  • Cisco Systems Inc. (ticker: CSCO)
  • Comcast Corp. (CMCSA)
  • Telus Corp. (TU)
  • Unilever PLC (UL)
  • Sony Group Corp. (SONY)
  • Toronto-Dominion Bank (TD)
  • Solventum Corp. (SOLV)
  • Essential Utilities Inc. (WTRG)
Apr 12, 2024

What is the most successful stock of all time?

The Best Performing Stocks in History
  • Coca-Cola. (NASDAQ: KO) ...
  • Altria. (NASDAQ: MO) ...
  • Amazon.com. (NASDAQ: AMZN) ...
  • Celgene. (NASDAQ: CELG) ...
  • Apple. (NASDAQ: AAPL) ...
  • Alphabet. (NASDAQ:GOOG) ...
  • Gilead Sciences. (NASDAQ: GILD) ...
  • Microsoft. (NASDAQ: MSFT)

What stock did Nancy Pelosi buy?

Tesla Inc.

In March 2022, Pelosi purchased 2,500 shares of Tesla by exercising 25 call options with a strike price of $500. Pelosi had purchased those call options way back in December 2020. Between the time the purchase was disclosed and the time she exercised the options, Tesla's share price climbed 41%.

Who is the king of stock market in USA?

Warren Buffett
BornWarren Edward Buffett August 30, 1930 Omaha, Nebraska, U.S.
EducationUniversity of Pennsylvania University of Nebraska–Lincoln (BS) Columbia University (MS)
OccupationsBusinessman investor philanthropist
Years active1951–present
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Why is Nvidia stock so high?

Underlying Nvidia's stock price increase is soaring demand for the company's GPUs. Demand for Nvidia's AI-focused chips soared 410% to $18.4 billion in the January 2024-ending quarter.

What stock will boom in 2024?

2024's 10 Best-Performing Stocks
Stock2024 return through March 31
Avidity Biosciences Inc. (RNA)182%
Arcutis Biotherapeutics Inc. (ARQT)206.8%
Janux Therapeutics Inc. (JANX)250.9%
Trump Media & Technology Group Corp. (DJT)254.1%
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What penny stocks to buy today?

Penny Stocks To Buy Today
Company NameLTP% Change
Kanani Industries4-1.23
Dynamic Cables Ltd448.11.86
Hilton Metal Forging117.452.76
Alok Industries27.8-3.14
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Is Nvidia a buy sell or hold?

Nvidia's analyst rating consensus is a Strong Buy. This is based on the ratings of 41 Wall Streets Analysts.

What stocks do best in inflation?

Best Inflation Protection Stocks of April 2024
Company (TICKER)Yearly EPS Growth Estimate (5-Year Average)
Mondelez International, Inc. (MDLZ)8.4%
CMS Energy Corporation (CMS)7.8%
Procter & Gamble Company (PG)7.4%
NiSource Inc. (NI)7.3%
6 more rows
Apr 1, 2024

What stocks to buy during inflation and recession?

The best recession stocks include consumer staples, utilities and healthcare companies, all of which produce goods and services that consumers can't do without, no matter how bad the economy gets.

What stocks to buy when inflation increases?

Here are some of the best stocks for inflation:
  • Energy.
  • Financials.
  • Precious metals.
  • Consumer staples.
  • Property Real Estate Investment Trusts (REITs)

What are the hot stocks to buy?

The 9 Best Stocks To Buy Now
Company (Ticker)Forward P/E Ratio
Citigroup, Inc. (C)8.4
Fidelity National Information Services, Inc. (FIS)15.3
Intuitive Surgical, Inc. (ISRG)60.9
The Kraft Heinz Company (KHC)12.2
5 more rows
Apr 8, 2024

What is the number 1 stock company?

Microsoft is the largest company in the world, with a market cap of $3.13 trillion. It's followed by Apple ($2.65 trillion), Nvidia ($2.26 trillion), Saudi Arabian Oil ($1.98 trillion), and Amazon ($1.89 trillion).

What are the hot stocks today?

Today's hot stocks
  • TSLA. 149.93. - 5.52. 3.55% 96M. 148.70299.29.
  • BPTH. 4.20. + 0.96. 29.63% 84M. 2.7144.80.
  • SNAP. 11.63. + 0.73. 6.70% 55M. 7.8617.90.
  • AMD. 155.08. + 1.06. 0.69% 53M. 81.02227.30.
  • GRAB. 3.39. + 0.18. 5.61% 51M. 2.673.92.
  • NVDA. 846.71. + 6.36. 0.76% 45M. 262.25974.00.
  • BAC. 35.77. + 0.54. 1.53% 45M. 24.9638.35.
  • AAPL. 167.04. - 0.96. 0.57% 43M.

What is the hottest technology stock?

Nvidia Corp.

Not only is Nvidia the best-performing stock on this list in 2024, its 12-month gain of 227.4% makes it the second-best performer in the entire S&P 500 after Super Micro Computer Inc. (SMCI).

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