Tech stocks like Apple, Microsoft, and Amazon are down with the Nasdaq correction, but it may be a good time to consider buying on the dip for most Magnificent Seven stocks.

From Nasdaq: 2025-03-12 12:32:00

The Nasdaq Composite has entered a correction, down 9% year to date and 13% from its peak. Tech stocks like Apple, Microsoft, and Amazon are all down. However, it may be a good time to consider buying shares “on the dip” for most Magnificent Seven stocks.

There are growth drivers and competitive advantages in businesses like Apple, Microsoft, Nvidia, Amazon, Meta, and Alphabet. However, Tesla is facing international competition, leading to a drop in sales. Tesla’s operating income has also decreased by 23%.

Tesla remains expensive with a high P/E ratio, while its earnings growth has stalled. It may be risky to invest in Tesla at this time, especially compared to other Magnificent Seven stocks. A “Double Down” stock recommendation has been issued for Nvidia, Apple, and Netflix.

Investors are urged to consider buying shares of companies like Nvidia, Apple, and Netflix, which have shown significant returns over the years. Members of The Motley Fool’s board of directors have positions in various tech companies and recommend certain options.



Read more at Nasdaq: Nasdaq Correction: I’d Consider Buying the Dip on All “Magnificent Seven” Stocks — Except This One