"2024 Market Outlook: Will Top Stocks Outshine the 'Magnificent Seven'?"

1 min read
Source: Yahoo Finance
"2024 Market Outlook: Will Top Stocks Outshine the 'Magnificent Seven'?"
Photo: Yahoo Finance
TL;DR

The 'Magnificent Seven' mega-cap tech stocks, which include Microsoft and Nvidia, are expected to continue their strong market performance into 2024, with analysts predicting an average rise of 11%. However, Tesla is the exception, with a negative return anticipated. Despite this overall positive outlook, the expected gains are more modest compared to the previous year. Apple received a rare downgrade to sell from Barclays, influencing its share price, while Tesla's stock fluctuated after beating delivery expectations.

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