Apple Is the Best-Performing "Magnificent Seven" Stock This Year. But It Has Still Lagged This Unassuming Dividend Stock (That Remains a Top Buy Now).
Key PointsApple is on a roll, almost doubling the market's return this year.
Apple is leading the pack among the Magnificent Seven stocks this year, but it has not kept pace with a more modestly-dividend-focused company. The tech giant's new iPhone lineup is generating buzz, and analysts anticipate it will achieve double-digit revenue growth for the second consecutive year in fiscal 2027. This momentum has propelled Apple to an all-time high this week, with a 25% increase year-to-date. While this growth figure may appear modest, Apple is currently the top performer among the Magnificent Seven.
However, there is a surprising dividend stock that has outperformed Apple this year. Target (NYSE: TGT) has surged by 61%, more than doubling the gains of the other Magnificent Seven members. Despite this impressive performance, Target remains an undervalued buy, offering strong potential for investors seeking both growth and income. The underdog has proven to be a top buy, defying expectations and delivering superior results compared to its more prominent counterparts.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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