Halfway Into 2024: 2 Underperforming "Magnificent Seven" Stocks to Buy Before They Take Off
The "Magnificent Seven" represent some of the strongest businesses around. However, a few members of this elite group have failed to live up to expectations in the first half of 2024.
Since the beginning of the year, the widely followed S 500 index has climbed 14.8% through June 26, but weak iPhone sales have weighed on (NASDAQ: AAPL) shares, which are up 11.6%. Tesla (NASDAQ: TSLA) has been the worst performer, with a recent dip in sales from its electric cars sending the stock down 21%.
Sometimes, betting on strong companies when they are experiencing temporary weakness can pay off over the long run. Indeed, both companies have promising growth opportunities unfolding in artificial intelligence (AI), which could have a huge impact on shareholder returns over the next decade.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 139 Buy predictions and 14 Sell predictions.
As a result the target price of 212 € shows a slightly positive potential of 1.56% compared to the current price of 208.75 € for Apple Inc..
