‘Magnificent Seven’ stocks decline as Amazon, Apple, Meta, Nvidia, Tesla sell off
While the “Magnificent Seven” stocks (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla) dominated the market in 2024 with impressive gains, their performance has turned negative in early 2025. Given their massive market caps, these companies wield considerable sway over the Nasdaq and S&P 500 indexes.
Scott Lehtonen for Investor’s Business Daily:
Apple stock declined 2.5% Friday, still below the 200-day line.
On Jan. 30, the Cupertino, Calif.-based consumer electronics giant said it earned $2.40 a share on sales of $124.3 billion in the quarter ended Dec. 28. Analysts polled by FactSet had expected Apple earnings of $2.35 a share on sales of $124.3 billion. On a year-over-year basis, Apple earnings rose 10% while sales increased 4%.
MacDailyNews Take: So far, of the “Magnificent Seven,” only Meta Platforms is positive for the year: +14.1%. Apple is -3.4%, second best of the decliners to Amazon’s -3.2%.
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