Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns.
Three stocks trading lower this year could bounce back next year.
The shares’ reaction is little surprise. Tesla stock closed up 0.5% at $174.84 on Thursday, while the and fell 0.2% and 0.3%, respectively. Early Friday, the shares ticked up 0.2% in premarket trading, while and futures were both down less than 0.1%.