History Says the Nasdaq Will Soar in 2024: 1 "Magnificent Seven" Stock to Buy Before It Does
The market turbulence of 2022 marks the worst performance in recent years by Wall Street but is quickly becoming a distant memory. After plunging more than 35% last year, the Nasdaq Composite has bounced back up 43% so far this year (as of Tuesday's market close).
History suggests the current rally will continue. Going back as far as 1972 -- the first full year of trading for the Nasdaq -- in every year after a market recovery, the tech-heavy index has risen 19%, on average, illustrating the potential for additional upside.
Helping lead the charge this year are the vaunted stocks of the so-called "Magnificent Seven," which have outpaced the broader market by a wide margin:
Source Fool.com
