With just under three months of 2026 in the books, the stock market has been anything but predictable. Investors have crushed many software stocks, and notably, every name in the Magnificent Seven is in the red. Overall, the S&P 500 Index is down over 3%, and recently broke through an important technical level, falling below its 200-day simple moving average.
Despite this, there have been clear areas of strength in the market. This includes names that have continued to build on impressive 2025 performances and others that are experiencing significant recoveries. Furthermore, although the market has not rewarded it, analysts are growing increasingly bullish on one of the top names in the Magnificent Seven.
