In a stark contrast to the previous year, where the Magnificent Seven stocks drove significant gains in the S&P 500, six of the stocks are underperforming this year. Meta Platforms is the only company with positive growth, yet still lags behind the overall index. Nvidia and Tesla are particularly struggling, raising questions for investors considering these stocks. Despite the recent downturn, both companies offer long-term growth potential and might present attractive buying opportunities, especially for those transitioning from passive investments to individual stocks.
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Considering both companies still have excellent long-term growth prospects, the current discount the stock of each is exhibiting could be attractive to an investor interested in buying shares at the cheapest valuation they've offered in a while.
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