What are the top 7 stocks on the Nasdaq?
Bank of America strategist Michael Hartnett coined the term "Magnificent 7" stocks for the most dominant tech companies. The group is made up of mega-cap stocks Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon.com (AMZN), Meta Platforms (META), Tesla (TSLA) and Nvidia (NVDA).
- Microsoft.
- Apple.
- Nvidia.
- Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL)
- Amazon (NASDAQ: AMZN)
- Meta Platforms (NASDAQ: META)
- Tesla.
Key Background. Apple sells iPhones; Microsoft sells cloud computing services; Amazon delivers packages; Tesla sells cars; Nvidia designs semiconductors; Alphabet lives in online search and Meta is in the business of social media. But their massive valuations and profits make the seven companies closely-related peers.
They are NVIDIA, Alphabet, Tesla, Microsoft, Amazon.com, Apple, and Meta Platforms. They earned the moniker last year when the S&P 500 posted a 26% return for the year. The Magnificent 7 accounted for more than 62% of the return. Yes, more than half of the return for the entire index came from seven companies.
Seven stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla – accounted for roughly 60pc of the US stock market's 26.3pc return in 2023.
| # | Company | % Chg |
|---|---|---|
| 1 | Microsoft Corp | (-1.27%) |
| 2 | Apple Inc | (-1.22%) |
| 3 | NVIDIA Corp | (-10.00%) |
| 4 | Amazon.com Inc | (-2.56%) |
Microsoft (MSFT): World's Most Valuable Company | Nasdaq.
- Cisco Systems Inc. (ticker: CSCO)
- Comcast Corp. (CMCSA)
- Telus Corp. (TU)
- Unilever PLC (UL)
- Sony Group Corp. (SONY)
- Toronto-Dominion Bank (TD)
- Solventum Corp. (SOLV)
- Essential Utilities Inc. (WTRG)
- Alphabet (GOOGL) ...
- Amazon (AMZN) ...
- Apple (AAPL) ...
- Meta (META) ...
- Microsoft (MSFT) ...
- Nvidia (NVDA) ...
- Tesla (TSLA)
Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen nearly 117 percent, far outpacing the performance of the other 493 companies in the S&P 500. Together, these stocks have become known as the “Magnificent Seven.”
What are the seven stocks to buy and hold forever?
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Abbott Laboratories (ABT) | Health care | 1.9% |
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
Five-star stocks, should offer an investor a return that's higher than the company's cost of equity. Low-rated stocks have significantly lower expected returns. Three-star stocks are those that should offer a "fair return," one that adequately compensates for the riskiness of the stock.
At 12.90%, Apple is the Nasdaq Composite's largest stock by weighting, followed closely by Microsoft at 12.14%.
| S.No. | Name | Qtr Profit Var % |
|---|---|---|
| 1. | Starlite Comp. | 494.44 |
| 2. | Quantum Digital | 3160.00 |
| 3. | Suryo Foods | 500.00 |
| 4. | Tuticorin Alkali | 8.93 |
Each of the seven stocks has outperformed the S&P 500 by more than 100% in the past decade, however, and their exposure to high-growth technologies such as high-end software and hardware, cloud computing and artificial intelligence position them well to continue to lead their respective markets over time.
Reliance Industries, a conglomerate holding company, is the largest company in India by market cap. It operates in various sectors, including energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
| # | Name | C. |
|---|---|---|
| 1 | Microsoft 1MSFT | 🇺🇸 |
| 2 | Apple 2AAPL | 🇺🇸 |
| 3 | Saudi Aramco 32222.SR | 🇸🇦 Arabia |
| 4 | Alphabet (Google) 4GOOG | 🇺🇸 |
The Dow tracks 30 large U.S. companies but has limited representation. The Nasdaq indexes, associated with the Nasdaq exchange, focus more heavily on tech and other stocks. The S&P 500, with 500 large U.S. companies, offers a more comprehensive market view, weighted by market capitalization.
| # | Name | C. |
|---|---|---|
| 1 | Microsoft 1MSFT | 🇺🇸 |
| 2 | Apple 2AAPL | 🇺🇸 |
| 3 | NVIDIA 3NVDA | 🇺🇸 |
| 4 | Alphabet (Google) 4GOOG | 🇺🇸 |
Why is Nvidia stock so high?
It's this rapid and accelerating demand for AI that has supercharged Nvidia's growth. For its fiscal 2024 fourth quarter, ended Jan. 28, Nvidia generated record revenue of $22.1 billion, which soared 265% year over year. Profit was also robust, as adjusted earnings per share (EPS) of $5.16 surged 486%.
| Stock | 2024 return through March 31 |
|---|---|
| Arcutis Biotherapeutics Inc. (ARQT) | 206.8% |
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
(NYSE:W), Match Group, Inc. (NASDAQ:MTCH), and Palantir Technologies Inc. (NYSE:PLTR) are some of the stocks that will double in 2024, besides StoneCo Ltd. (NASDAQ:STNE).
| Symbol | Holdings | |
|---|---|---|
| Paramount Global Class B | PARA | 63,322,491 |
| Sirius XM Holdings Inc | SIRI | 40,243,058 |
| Snowflake Inc | SNOW | 6,125,376 |
| SPDR S&P 500 ETF Trust | SPY | 39,400 |
- A lot is working in favor of these companies. ...
- DraftKings (DKNG): With expansion on the cards, DraftKings could enjoy a higher market share in the next two years.
- Oracle (ORCL): Oracle's partnerships with Palantir (PLTR) and Nvidia (NVDA) will benefit the business.
