Prediction: This Will Be the Top-Performing 'Magnificent Seven' Stock in 2024
The "Magnificent Seven" stocks had a phenomenal 2023, but 2023 is wrapped up. That means we need to look toward a new leader in 2024, and of the group, I think it will be Amazon (NASDAQ: AMZN). That's a tall order, especially considering the other six members of the group are:
That's a solid lineup of companies to outperform, but Amazon can do it if it accomplishes a few goals.
Most people know Amazon as an e-commerce company, but it's a lot more than that. One of the most exciting growth prospects Amazon has had recently is its cloud computing business, Amazon Web Services (AWS).
Source Fool.com
