3 Reasons This Mega-Cap Stock Will Continue to Soar in 2024 and Beyond

The much talked-about “Magnificent 7” list includes the market's top tech titans that drive the stock market. However, most investors are also familiar with the acronym FAANG, which refers to the top-performing companies over the last decade. Here's how the FAANG stocks have performed so far in 2024, compared to the S&P 500 Index's ($SPX) gain of 9.5%:

• Meta Platforms (META) (previously known as Facebook): up 34.5%
• Amazon (AMZN): up 23.4%
• Apple (AAPL): down 4.9%
• Netflix (NFLX): up 25.2%
• Alphabet (GOOGL) (previously known as Google): up 20.6%