Magnificent Seven Stocks to Give Way to Magnificent Many in 2024

If 2023 was all about the Magnificent Seven on Wall Street, this year is poised to usher in a broader array of winners.

That’s the consensus among investors, with smaller and more diverse companies seen to offer twice the return potential of the broader Nasdaq 100 index, according to data compiled by Bloomberg.

With traders betting on a soft landing and Federal Reserve interest rate cuts, riskier small-cap and unprofitable firms are seen as more attractive. That’s after a year in which Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc., Nvidia Corp, Meta Platforms Inc., ...