The Best "Magnificent Seven" Stock to Buy Right Now, According to Wall Street (Hint: Not Nvidia)

Over the last few years, the S&P 500 has been dominated by just a handful of stocks. The "Magnificent Seven" accounted for more than half of the total increase in the S&P 500 in 2024, increasing the concentration of the mega-cap stocks in the index.This year has seen a divergence in some of the "Magnificent Seven" names. Just three -- Nvidia, Microsoft (NASDAQ: MSFT), and Meta Platforms -- continued to outperform the index. While investors may see opportunities in the names that have declined in value so far this year (Apple and Tesla), Wall Street thinks that one of the biggest winners will continue to climb higher.In fact, Wall Street's median price target on one "Magnificent Seven" stock is 25% higher than its stock price as of this writing. That's far higher than any other member of the "Magnificent Seven."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool