The 'Magnificent Seven' tech stocks experienced losses, with $TSLA dropping over 4% and $AAPL losing 2.7% for the 5th consecutive session. The group collectively shed $233 billion in market cap, led by $NVDA's +74% YTD return. $AAPL and $TSLA posted -12% and -27% total returns for 2024, respectively. Despite this, $MSFT remains the largest US stock by market cap at $2.98 trillion.
FANG+ Constituents: $AAPL 169.11 -0.02% $AMZN 176.43 +1.68% $AMD 211.83 +0.56% $GOOG 135.23 +2.01% $META 514.13 +3.63% $MSFT 408.05 +1.48% $NFLX 604.55 +1.17% $NVDA 917.4 +3.41% $SNOW 166.53 -0.27% $TSLA 176.86 +0.18%
Excluding $NVDA the Magnificent Seven would be +3% YTD; trailing the $SPY and $QQQ Excluding $TSLA it would be +20% in 2024. https://t.co/ah2K8rp058
The end of #Mag7? Last year the Mag7 essentially moved in unison and was the make-or-break trade. 2 months into 2024 there is a HUGE dispersion in the group. https://t.co/ymDWQ5gHy5
The most bearish thing in the markets right now is seeing the Magnificent 7 drop down to the Magnificent 2 ($NVDA, $META). $AAPL $TSLA $MSFT $GOOG $AMZN look sick.
All these stocks hit new 52 WEEK HIGHS at some point today Nvidia $NVDA Walmart $WMT $AMD Costco $COST Taiwan Semiconductor $TSM CrowdStrike $CRWD JPMorgan $JPM Airbnb $ABNB Palantir $PLTR Qualcomm $QCOM Target $TGT Bank of America $BAC Wells Fargo $WFC Spotify $SPOT $IBM…
“.. Last year the Mag 7 essentially moved in unison .. 2 months into 2024 we are seeing dispersion in the group which has been VERY WELL received by most active investors.” - GS desk $NVDA $META $AMZN $MSFT $GOOGL $AAPL $TSLA https://t.co/8IuPLsK6KV
Here's the current market cap of the top 5 largest 🇺🇸 stocks 🥇 Microsoft $MSFT $2.98T 🥈 Apple $AAPL $2.62T 🥉 Nvidia $NVDA $2.21T 4) Amazon $AMZN $1.81T 5) Google $GOOGL $1.63T https://t.co/fhXIr5rUem
Seven no longer a lucky number? “Nvidia is +73.6% higher in 2024, with Meta +38.5%. However, three of the seven are lower with Alphabet -5.0%, Apple -11.6% and Tesla -27.3%.” @DeutscheBank https://t.co/UibYVffo79
These tech stocks have the highest YTD returns: Super Micro $SMCI: 284% GigaCloud $GCT: 106% Jumia $JMIA: 86% Arm $ARM: 78% Nvidia $NVDA: 74% MicroStrategy $MSTR: 66% Similarweb $SMWB: 64% Pure Storage $PSTG: 54% Dell $DELL: 54% ACM Research $ACMR: 50%
These tech stocks have the highest YTD returns: Super Micro $SMCI: 284% GigaCloud $GCT: 106% Jumia $JMIA: 86% ARM $ARM: 78% Nvidia $NVDA: 74% MicroStrategy $MSTR: 66% Similarweb $SMWB: 64% Pure Storage $PSTG: 54% Dell $DELL: 54% ACM Research $ACMR: 50%
The Enormous Eight: 2024 Total Returns... Nvidia $NVDA: +74% Meta $META: +39% Netflix $NFLX: +23% Amazon $AMZN: +15% Microsoft $MSFT: +7% -S&P 500 $SPY: +7% Google $GOOGL: -5% Apple $AAPL: -12% Tesla $TSLA: -27% https://t.co/PoVu2E7e2q
‘Magnificent Seven’ shed $233 billion in market cap, dragging down stock market https://t.co/AH0ti6CGuV
Magnificent Seven shed $233 billion in market cap, dragging down the stock market https://t.co/rJ3VqsXgGQ
All the Magnificent Seven names experienced losses today. $TSLA nosedived over 4%, while $AAPL lost 2.7%, making its 5th consecutive session of losses. (This decline followed a report indicating a 24% drop in iPhone sales in China during the first six weeks of 2024.) On the… https://t.co/5hASUHssr0