Crafting Your Portfolio's Magnificent Seven: Top Stocks for 2024 Hosted by MarketBeat StaffMarch 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 RatioNVDANVIDIA4.9577 of 5 stars$132.00-1.7%0.03%51.95AMDAdvanced Micro Devices4.9757 of 5 stars$126.69-0.2%N/A114.14PLTRPalantir Technologies3.1477 of 5 stars$75.75-0.4%N/A378.77PANWPalo Alto Networks4.5237 of 5 stars$202.50+3.0%N/A26.37MNSTMonster Beverage3.3699 of 5 stars$52.25-1.0%N/A33.49LLYEli Lilly and Company4.9951 of 5 stars$779.00-1.3%0.77%84.22BKNGBooking4.7064 of 5 stars$5,152.13-1.4%0.68%34.96 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 MarketBeatAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team...True Market Insiders | SponsoredHow to Invest In Growth StocksThe stock market has been growing since the New York Stock Exchange opened its doors in 1817. Sometimes, a sto...MarketBeatDid You See Trump’s Bombshell Exec. Order 001?Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001."Banyan Hill Publishing | Sponsored7 Sensational Small-Cap Stocks Set for Big GainsThe Russell 2000 Index is up more than 40% in the last 12 months. 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Hosted by MarketBeat StaffMarch 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 RatioNVDANVIDIA4.9577 of 5 stars$132.00-1.7%0.03%51.95AMDAdvanced Micro Devices4.9757 of 5 stars$126.69-0.2%N/A114.14PLTRPalantir Technologies3.1477 of 5 stars$75.75-0.4%N/A378.77PANWPalo Alto Networks4.5237 of 5 stars$202.50+3.0%N/A26.37MNSTMonster Beverage3.3699 of 5 stars$52.25-1.0%N/A33.49LLYEli Lilly and Company4.9951 of 5 stars$779.00-1.3%0.77%84.22BKNGBooking4.7064 of 5 stars$5,152.13-1.4%0.68%34.96 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 MarketBeatAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team...True Market Insiders | SponsoredHow to Invest In Growth StocksThe stock market has been growing since the New York Stock Exchange opened its doors in 1817. Sometimes, a sto...MarketBeatDid You See Trump’s Bombshell Exec. Order 001?Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001."Banyan Hill Publishing | Sponsored7 Sensational Small-Cap Stocks Set for Big GainsThe Russell 2000 Index is up more than 40% in the last 12 months. This is an index that tracks the performance...MarketBeat$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...Stansberry Research | Sponsored20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter f...MarketBeat
