“Magnificent Seven” group of stocks. The group, which includes Tesla, Alphabet, Microsoft, Meta Platforms, Amazon, Apple, and NVIDIA has undoubtedly been the market leaders in 2023. In fact, as of Friday’s close, the percentage return year-to-date for each of these “mega-cap” stocks has been as follows: TSLA +68.3%, GOOG +39.1%, MSFT +37.5%, META +146.6%, AMZN +52.1%, APPL +29.5% and NVDA +177.1%.
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By Charles Marleau CIM® and William Mitchell CIM®