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Tax, Financial Planning Robert Amato, CFP®, CIMA® Tax, Financial Planning Robert Amato, CFP®, CIMA®

Is the Stock Market Trending Towards Value Stocks?

In 2023, the Magnificent Seven (Mag 7) stocks garnered their name from their significant outperformance compared to the remaining 493 stocks in the S&P 500. However, in the first quarter of 2024, we are seeing a greater divergence of returns amongst these seven stocks with Apple and Tesla in negative territory for the year. This could lead to the Mag 7 stocks no longer outperforming the market to the degree they have in the past.

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