The “Magnificent Seven” cohort is made up of seven of the largest tech stocks in the world.
The seven members are (ranked from largest to smallest by market cap): – Nvidia (NASDAQ: NVDA) – Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) – Apple (NASDAQ: AAPL) – Microsoft (NASDAQ: MSFT) – Amazon (NASDAQ: AMZN) – Tesla (NASDAQ: TSLA) – Meta Platforms (NASDAQ: META) Up until the Space Exploration Technologies, better known as SpaceX, initial public offering (IPO), these seven made up 10 of the largest companies in the world
However, Meta has been pushed out of the top 10 thanks to SpaceX. These seven companies still hold dominance in the market and control a large amount of the indexes due to market cap weighting. Let’s take a look and determine which ones are the best buys and make the most sense to load up on. 7.
Apple At the bottom of my list is Apple. The reason is quite simple: It’s growing its revenue and earnings per share (EPS) somewhat slowly compared to most members, ranking fifth and sixth, respectively, for each company’s most recent year over year quarterly results. It’s also expensively valued at 35 times forward earnings, Apple isn’t cheap and is a major premium over many of its peers.