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2 "Magnificent Seven" Stocks Down 9% and 15% You'll Regret Not Buying on the Dip
The S&P 500 (SNPINDEX: ^GSPC) delivered back-to-back annual gains of over 25% in 2023 and 2024 (when including dividends). The only other time the index had such a strong two-year run was during the dot-com internet boom in 1997 and 1998. As was the case back then, stocks in the technology and tech-adjacent industries drove most of the upside this time around.The "Magnificent Seven" is a group of seven companies that lead different segments of the tech space. They earned the nickname for their enormous size and their tendency to outperform the broader S&P 500. In fact, investors who didn't own them during 2023 and 2024 likely underperformed the index by a very wide margin:Continue reading
The S&P 500 (SNPINDEX: ^GSPC) delivered back-to-back annual gains of over 25% in 2023 and 2024 (when including dividends). The only other time the index had such a strong two-year run was during the dot-com internet boom in 1997 and 1998. As was the case back then, stocks in the technology and tech-adjacent industries drove most of the upside this time around.
The "Magnificent Seven" is a group of seven companies that lead different segments of the tech space. They earned the nickname for their enormous size and their tendency to outperform the broader S&P 500. In fact, investors who didn't own them during 2023 and 2024 likely underperformed the index by a very wide margin:
