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Why the "Magnificent Seven" Won't Be Magnificent in 2024

The "Magnificent Seven" stocks are so expensive that even the smallest slip could hit them hard in 2024.

By Travis Hoium – Dec 30, 2023 at 7:15AM EST

The "Magnificent Seven" stocks outperformed the market in 2023. Can they do the same in 2024?

In this video, Travis Hoium covers the biggest reason these megastocks had big gains this year and points to a major red flag for 2024. Investors looking to beat the market may find an opportunity if they look elsewhere.

*Stock prices used were end-of-day prices of Dec. 22, 2023. The video was published on Dec. 27, 2023.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$645.15
(-2.33%)-$15.42
Apple Stock Quote
Apple
NASDAQ: AAPL
$257.80
(-0.96%)-$2.49
Microsoft Stock Quote
Microsoft
NASDAQ: MSFT
$408.93
(-0.43%)-$1.75
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$298.63
(-0.75%)-$2.25
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$213.23
(-2.61%)-$5.71
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$177.95
(-2.94%)-$5.39
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$396.73
(-2.17%)-$8.82
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$298.30
(-0.87%)-$2.61

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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