Los Siete Magníficos: quien tuvo, retuvo
Meta y Microsoft son los que mejores sensaciones transmiten con vistas al medio y largo plazo. Leer
In early July, the Bloomberg Magnificent 7 Total Return index reached its cheapest valuation in over a decade. By the end of the month, Tesla and Alphabet experienced sharp declines after their earnings reports. However, two months and a half later, the index has managed to surpass May's highs and has been on an uninterrupted upward trend for two weeks.
This resurgence demonstrates that pessimism often leads to great buying opportunities. Over the past decade, whenever the index has fallen significantly, tech giants have always recovered, much like a phoenix rising from the ashes. The Seven Magnificent are never obsolete and continuously evolve into major infrastructure providers for the new AI economic revolution. In this article, we take a closer look at each of the components.
Amazon's stock is slightly below its highest point, but the consistent uptrend since October 2023, April 2025, and February and March of this year is noteworthy. Currently, it is around $220 (195.84 euros), making it another buying opportunity. Alphabet, with its expansions, continues to rely on the 200-day moving average. Since the historic highs in May, its price has been constructing lower highs and higher lows, forming a symmetrical triangle with bullish implications.
We are content with this as long as the September support level holds. Apple has been repeatedly bouncing off the July historic highs. On the upside, it will likely return to an absolute upward trend. It has a supportive level around $290, which coincides with the 200-day moving average.
Nvidia remains a clear hold, and as long as it trades above the July lows ($189), there is nothing to worry about. Meta has exploded in September, up 27%, mercilessly pulverizing the upper part of a symmetrical continuity triangle that could potentially push it to $1,000 per share in the medium term. Around the support range of $680-$700, it is once again a buying opportunity.
As of today, Meta's outlook is very promising. Microsoft has been recommended multiple times throughout July and early August, with a broad double weekly and monthly floor that, with its countertrend corrections, points towards $600 as the minimum target. It remains a clear hold. Lastly, Tesla is the weakest link among all, with a clear downtrend since its historic highs in December.
Its current price is near $405, and only when it breaks out strongly to the upside will we start to look at it more favorably.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
