From Nasdaq:

Mag 7 stocks, known as the “Magnificent Seven,” represent large, dominant companies across industries with substantial market capitalization, consistent performance, and strong brand recognition. Notable for their stability, these firms are considered safe investment choices in uncertain market conditions.

Investing in Mag 7 stocks offers advantages such as lower volatility and reliable dividends, but they may have slower growth potential and lack agility in rapidly changing markets. They can serve as the foundation of a stable, long-term investment portfolio, but investors should balance them with growth-geared assets and keep an eye on industry-specific and economic risks.

Alphabet Inc. (GOOGL) is the parent company of Google, delivering a beat for Q3 2023 financial results, reporting earnings of $1.55 per share and revenue of $76.69 billion. Shares of GOOGL moved 6.41% year-to-date, trading slightly higher at $147.18/share on Monday morning.

Meta Platforms Inc. (META) will report Q4 and full-year 2023 financial results on February 1, 2024. Last quarter, META reported an EPS of $4.39 per share and revenue of $34.15 billion. In 2024, META stock has risen by 11.03% year-to-date and is trading at $384.66/share during Monday’s morning session.



Read more: Top Stocks To Buy Today? 2 Mag 7 Stocks In Focus