The ‘Magnificent 7’ stocks have garnered a lot of attention in 2023 for pulling equities out of a bear market and into a bull run. Headlines have seized upon their colossal influence noting that they are largely responsible for the turnaround. Those firms include Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG,GOOGL), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA), and were up by $3.35 trillion by early June while the 93 other tech companies in the Nasdaq 100 were up a mere $635 million.
The numbers are impressive. Yet investors can’t help but wonder if other growth stocks are ripe with opportunity. The logic is simple and sound: There are plenty of other strong growth firms worth considering and a rising tide should pull all ships higher.
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