The "Magnificent Seven" Dominated the Market in 2023. Will the "Fab Four" Reign in 2024?
Last year was a big moment for the stocks dubbed the "Magnificent Seven" -- a reference to the 1960 Western movie -- as they soared in the double and triple digits. These companies, technology-industry giants, also are leaders in their specialty areas -- from Internet search to electric vehicles (EVs). They are Amazon (AMZN -0.15%), Apple, Alphabet, Meta Platforms (META 1.23%), Microsoft (MSFT -0.74%), Nvidia (NVDA -1.01%), and Tesla.
Investors flocked to these growth players as they began to position …