By Steve Garmhausen
How long will the success story of the Magnificent Seven stocks last? All but Tesla hit new highs in July before declining. Now they are back on the ascent. Facebook parent Meta Platforms recently topped its July high, while Google parent Alphabet, Microsoft, Nvidia, Apple, and Amazon.com have been working their way back toward their peaks.
Third-quarter earnings reports, due in the next couple of weeks, will offer valuable clues into the stocks' futures. Meanwhile, we checked in with investment advisors to see how they have been playing the Magnificent Seven names. The consensus: Many of the companies have sustainable strengths, but the stocks aren't cheap -- which is a big reason that volatility probably lies ahead.
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(END) Dow Jones Newswires
October 11, 2024 21:30 ET (01:30 GMT)
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