Crafting Your Portfolio's Magnificent Seven: Top Stocks for 2024 Hosted by Laycee KluinMarch 18, 2024 ShareLink copied to clipboard. Play video for Crafting Your Portfolio's Magnificent Seven: Top Stocks for 2024DetailsGuestsIn 2023, investors became acutely aware of the phrase "Magnificent Seven." This referred to the seven technology stocks that drove most of the 27% gains in the S&P 500 in the last 12 months. However, through the first two months of 2024, many of those stocks have lost their sheen. Tesla Inc. (NASDAQ: TSLA) is down 24%. Apple Inc. (NASDAQ: AAPL) is down 9%. And Alphabet Inc. (NASDAQ: GOOGL) is down 4.5%. At the same time, the S&P 500 is up 6.7% as of March 5, 2024. And this is during what's expected to be the weak part of the year for equities. Analysts expect stronger performance in the second half of the year in anticipation of the Federal Reserve issuing at least one interest rate cut. That means that other stocks must be doing well. In this video, MarketBeat gives you seven stocks that you should be looking at to create your own Magnificent Seven in 2024. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNVDANVIDIA4.9931 of 5 stars$124.75+0.8%0.03%49.09AMDAdvanced Micro Devices4.9649 of 5 stars$118.86+1.3%N/A107.08PANWPalo Alto Networks4.6224 of 5 stars$187.42+1.1%N/A48.81MNSTMonster Beverage3.9006 of 5 stars$49.36+0.5%N/A31.64LLYEli Lilly and Company4.9876 of 5 stars$823.59+2.4%0.63%89.04BKNGBooking4.7812 of 5 stars$4,774.33+1.1%0.73%32.40 Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatIs Big Tech dead?China just threw a “$5.5 million” curveball called Deep Seek to Silicon Valley and the timing of it is no coin...Brownstone Research | Sponsored8 Retail Stocks to Own For the Long HaulAfter the 2020 e-commerce boom, everyone thought we had taken a 10-year leap in online shopping. Amazon was op...MarketBeatAlert: DOGE goes live"It's Elon's world, and the rest of us live in it." Every investor in America is trying to figure out what ...Altimetry | Sponsored7 Dividend Stocks to Buy and Hold Forever Buy-and-hold investing requires an ability to quiet the noise and focus on your particular investment goals....MarketBeatHas Trump finally met his match?Dylan Jovine predicted the 2008 crash over a year before it happened. Folks who listened to him had the chance...Behind the Markets | Sponsored7 Dividend Aristocrats to Buy After EarningsDuring earnings season, analysts talk about earnings growth — and for good reason. Nothing drives stock ...MarketBeat Listen to MarketBeat Other Platforms 3 AI Bargain Stocks to BUY NOW After the DeepSeek CrashAI investors are at a crossroads—buy the dip or bailout? After the DeepSeek announcement sent shockwaves through the market, some of the biggest AI names saw major sell-offs. But could this be a primeRelated VideosNVIDIA Stock Under Pressure: DeepSeek and the AI Tech WarPelosi Bets Big on AI: Her Top 5 Stock Picks7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025 Featured Articles and OffersSizing Up a New Opportunity for NVIDIA InvestorsJanuary 27, 2025View Sizing Up a New Opportunity for NVIDIA Investors22x better than Bitcoin… WITHOUT cryptoFrom Brownstone Research(Ad)View 22x better than Bitcoin… WITHOUT crypto3 Buy-and-Hold Stocks for Long-Term GrowthJanuary 24, 2025View 3 Buy-and-Hold Stocks for Long-Term GrowthWhy Energy Transfer Stock Could Soar to New Highs in 2025January 24, 2025View Why Energy Transfer Stock Could Soar to New Highs in 2025Got 1K to Invest? These 3 Stocks Are Still Magnificent BuysJanuary 24, 2025View Got 1K to Invest? These 3 Stocks Are Still Magnificent BuysPlease take this warning seriously...From Timothy Sykes(Ad)View Please take this warning seriously... Search Headlines Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Hosted by Laycee KluinMarch 18, 2024 ShareLink copied to clipboard. Play video for Crafting Your Portfolio's Magnificent Seven: Top Stocks for 2024DetailsGuestsIn 2023, investors became acutely aware of the phrase "Magnificent Seven." This referred to the seven technology stocks that drove most of the 27% gains in the S&P 500 in the last 12 months. However, through the first two months of 2024, many of those stocks have lost their sheen. Tesla Inc. (NASDAQ: TSLA) is down 24%. Apple Inc. (NASDAQ: AAPL) is down 9%. And Alphabet Inc. (NASDAQ: GOOGL) is down 4.5%. At the same time, the S&P 500 is up 6.7% as of March 5, 2024. And this is during what's expected to be the weak part of the year for equities. Analysts expect stronger performance in the second half of the year in anticipation of the Federal Reserve issuing at least one interest rate cut. That means that other stocks must be doing well. In this video, MarketBeat gives you seven stocks that you should be looking at to create your own Magnificent Seven in 2024. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioNVDANVIDIA4.9931 of 5 stars$124.75+0.8%0.03%49.09AMDAdvanced Micro Devices4.9649 of 5 stars$118.86+1.3%N/A107.08PANWPalo Alto Networks4.6224 of 5 stars$187.42+1.1%N/A48.81MNSTMonster Beverage3.9006 of 5 stars$49.36+0.5%N/A31.64LLYEli Lilly and Company4.9876 of 5 stars$823.59+2.4%0.63%89.04BKNGBooking4.7812 of 5 stars$4,774.33+1.1%0.73%32.40 Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatIs Big Tech dead?China just threw a “$5.5 million” curveball called Deep Seek to Silicon Valley and the timing of it is no coin...Brownstone Research | Sponsored8 Retail Stocks to Own For the Long HaulAfter the 2020 e-commerce boom, everyone thought we had taken a 10-year leap in online shopping. Amazon was op...MarketBeatAlert: DOGE goes live"It's Elon's world, and the rest of us live in it." Every investor in America is trying to figure out what ...Altimetry | Sponsored7 Dividend Stocks to Buy and Hold Forever Buy-and-hold investing requires an ability to quiet the noise and focus on your particular investment goals....MarketBeatHas Trump finally met his match?Dylan Jovine predicted the 2008 crash over a year before it happened. Folks who listened to him had the chance...Behind the Markets | Sponsored7 Dividend Aristocrats to Buy After EarningsDuring earnings season, analysts talk about earnings growth — and for good reason. Nothing drives stock ...MarketBeat
