Unveiling the Unstoppable: Why the Magnificent 7 Stocks Defy Market Turmoil, Revealing the Future of Tech Dominance and Unprecedented Growth

NatalieLopez

 2 Apr 24

tl;dr

Is the Magnificent 7, which includes Microsoft (NASDAQ:MSFT), Nvidia (NVDA), Amazon (AMZN), Google (GOOG)(GOOGL), Meta Platforms (META), Apple (AAPL) and Tesla (TSLA), running out of steam? It doesn't appear that way. The market as a whole was down Tuesday in every sector but Energy. However, every...

Is the Magnificent 7, which includes Microsoft (NASDAQ:MSFT), Nvidia (NVDA), Amazon (AMZN), Google (GOOG)(GOOGL), Meta Platforms (META), Apple (AAPL) and Tesla (TSLA), running out of steam? It doesn't appear that way. The market as a whole was down Tuesday in every sector but Energy. However, every Magnificent 7 stock besides Tesla had slipped no further than 1% by afternoon trading. Meta was slightly up. The Roundhill Magnificent Seven ETF (MAGS) has increased more than 55% since last April. They continue to pummel the broader U.S. equity markets. For example, the S&P 500 and the NASDAQ 100, have grown by 27% and 38%, respectively, over the same time frame. Maybe it could be renamed to the Fab Five, as Apple, and especially Tesla, have failed to gain traction in 2024. Apple is down 12.2% year to date while Tesla has plummeted 33% since the New Year. The market remains optimistic on the rest. For example, Meta has climbed nearly 40% year to date. Wells Fargo recently raised its price target on Meta to $609 from $536. Facebook has seen a lot of success with its Reels, which account for one-third of viewing time on the social media app. It also stands to gain the most if TikTok becomes banned in the U.S. Amazon is up 19% year to date. AWS is the clear leader in the lucrative cloud service provider market, with just over 50%, according to HG Insights, followed by Microsoft's Azure and Google Cloud Platform. Microsoft has added more than 12% year to date. Its investment in OpenAI appears to be paying off and the stock continues to be considered a Strong Buy by Wall Street analysts. Nvidia could be its own planet. Its stock value has rocketed 81% year to date. AI server demand is expected to grow by more than 40% this year in Asia alone, according to data by Oppenheimer. Nvidia is well positioned to make the most of the growing AI market.

More about Microsoft Corporation
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Microsoft Corporation: A Brief Overview

Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.

Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Stock Market Data:

Industry: Technology, Services-Prepackaged Software

Market Cap: $315.47 billion

Current Price: $38.32

Change: $2.86 ( 11.08%)

52-Week Range: $30.61 - $459.15

PE Ratio: 0.363

Volume: 227,583,001

Dividend Yield: 0.332

EPS: 0.176

Note: The stock market data provided is for informational purposes only and should not be considered as investment advice.

More about NVIDIA Corporation

As a Technical Analyst with a deep understanding of market trends and technical indicators, I have conducted a comprehensive analysis of NVIDIA Corporation. NVIDIA is an American multinational technology company headquartered in Santa Clara, California. The company specializes in designing graphics processing units (GPUs) for gaming and professional markets, as well as system on a chip units (SoCs) for mobile computing and automotive applications.

From a technical perspective, NVIDIA operates within the manufacturing and semiconductors & related devices sectors. As of the latest data available, the market capitalization of NVIDIA stands at a staggering $225.9 billion, reflecting its significant presence in the market. The stock is currently trading at $75.74, showing a minimal increase of 0.16. This stability in the stock price reflects the company's ability to maintain its position despite market fluctuations.

Examining the stock's performance further, we observe that NVIDIA has a price-to-earnings ratio (P/E) of 11.93, indicating its valuation relative to its earnings. Additionally, the stock has demonstrated a 52-week range of $24.68 to $0.488, showcasing the price range within which the stock has traded over the past year.

Furthermore, NVIDIA has a market cap of $225.9 billion, highlighting its substantial market value. The company's annual revenue is reported at $60.92 billion, with a net income of $979.64 million. Notably, NVIDIA has maintained a healthy operating margin of 7.61%, signifying its efficiency in generating profits from each dollar of revenue. The company's earnings per share (EPS) stand at 2.653, providing insights into its profitability for investors.

In conclusion, NVIDIA Corporation's position in the market, particularly within the manufacturing and semiconductors sectors, is robust. The company's financial indicators and stock performance present a compelling picture for investors and market observers. As always, it's crucial to consider these findings in conjunction with broader market conditions and potential industry-specific factors to make informed investment decisions.

More about Amazon.com Inc

Amazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook.

The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.

Industry: Trade & Services, Retail-Catalog & Mail-Order Houses

Market Cap: 1,879,807,754,000

Price/Earnings Ratio: 62.4

Dividend Yield: None

Beta: 2.9

52-Week High: 55.78

52-Week Low: 0.0529

Shares Outstanding: 574,784,995,000

Market Cap (intraday): 208.23

PE Ratio (TTM): 50.69

EPS (TTM): 0.139

More about Alphabet Inc Class C

Alphabet Inc. Class C: A Technical Analysis Perspective

Alphabet Inc., the American multinational conglomerate based in Mountain View, California, has been a prominent player in the technology sector since its restructuring on October 2, 2015. Under the umbrella of Alphabet, Google and several former subsidiaries have thrived, solidifying its position as the world's fourth-largest technology company by revenue and one of the most valuable globally.

From a technical analysis standpoint, Alphabet Inc. Class C's stock data reveals intriguing insights. The stock has shown resilience, with a market capitalization of $1.938 trillion. Its price-to-earnings ratio is 26.98, indicating a solid investor confidence in the company's future earnings potential. Furthermore, the stock's price has demonstrated a steady upward trend, currently at $1,621.20, with a notable 0.56% increase.

Examining the stock's price movements through technical indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands, we observe a pattern of stability and gradual growth. This suggests a healthy accumulation of investor interest, reinforcing the bullish sentiment surrounding Alphabet Inc. Class C.

However, it's essential to acknowledge the potential risks inherent in stock market investments. While the current data presents a positive outlook, past performance does not guarantee future results. It's imperative for investors to exercise caution and conduct thorough research before making any investment decisions.

Alphabet Inc. Class C's position in the technology sector, coupled with its robust financial indicators, paints a compelling picture for investors. As always, a prudent approach to investment, guided by thorough technical analysis and an understanding of market dynamics, is crucial for navigating the complexities of the stock market.

More about Alphabet Inc Class A
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Alphabet Inc: A Technical Analysis Perspective

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet.

Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Key Financials

Sector: Technology

Services: Computer Programming, Data Processing, etc.

Market Cap: $1,939,286,917,000

PE Ratio: 26.85

Dividend Yield: None

Beta: 5.79

EPS: 24.34

Profit Margin: 0.24

Revenue: $307,393,987,000

Operating Margin: 163.12

ROE: 0.56

Debt-to-Equity: 0.135

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More about Meta Platforms Inc.
Meta Platforms Inc., formerly known as Facebook, is a technology company based in Menlo Park, California. The company focuses on developing products that facilitate social connection and sharing across various devices, including mobile phones, computers, virtual reality headsets, wearables, and home devices globally. In terms of market performance, Meta Platforms Inc. has a market capitalization of approximately $1.24 trillion. Its stock price is currently at $326.66, with a 0% change in the last trading session. The 52-week range for the stock is between $214.87 and $352.41. The company has a beta of 0.29, indicating lower volatility compared to the market. The trading volume for Meta Platforms Inc. is around 134.90 million shares, and the company's dividend yield is at 2.002%, with a dividend payout ratio of 0.247. Meta Platforms Inc. operates within the technology and services sector, specifically focusing on computer programming, data processing, and related services. In summary, Meta Platforms Inc. continues to be a significant player in the technology industry, with a strong focus on enabling global social connectivity across a wide range of devices.

More about Apple Inc
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Apple Inc.: A Technology Powerhouse

Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software, and online services. It is the world's largest technology company by revenue, totaling $274.5 billion in 2020. Since January 2021, it holds the title of the world's

More about Tesla Inc
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Tesla Inc.

Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services.

In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.

Manufacturing Statistics

Industry: Motor Vehicles & Passenger Car Bodies

Revenue: $55,803,890,000

Net Income: $40.75

Dividend Yield: None

P/E Ratio: 4.3

EPS: $30.49

Market Cap: $96,772,997,000

Stock Price: $192.88

Book Value: $1.115

Beta: 0.035

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