Nasdaq Correction: I'd Consider Buying the Dip on All "Magnificent Seven" Stocks -- Except This One
After peaking on Dec. 16, the Nasdaq Composite -- which tracks almost every stock trading on the Nasdaq stock exchange -- has entered into a correction. The index is down around 9% year to date and 13% from its December peak.Considering the Nasdaq Composite is tech-heavy, it's no surprise that many big-name tech stocks have followed a similar path this year. The "Magnificent Seven," a name given to Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Tesla (NASDAQ: TSLA), are all down year to date, except Meta.META data by YCharts.Continue reading
After peaking on Dec. 16, the Nasdaq Composite -- which tracks almost every stock trading on the Nasdaq stock exchange -- has entered into a correction. The index is down around 9% year to date and 13% from its December peak.
Considering the Nasdaq Composite is tech-heavy, it's no surprise that many big-name tech stocks have followed a similar path this year. The "Magnificent Seven," a name given to Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Tesla (NASDAQ: TSLA), are all down year to date, except Meta.
