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Magnificent 7 stocks are splitting again: Chart of the Day

The stock market’s latest rally is reviving a familiar trade, but not all of the Magnificent Seven are along for the ride.

The Nasdaq Composite (^IXIC) was on a rare eight-day winning streak, while the Roundhill Magnificent Seven ETF (MAGS) posted its best eight-day gain since last May.

7 amazing stocks split in the latest stock market rally

This chart separates the move into two parts: the sell-off from February 27 to March 30, which covers the beginning of the US-Iran war, and the recovery from the March 30 lows, which gained momentum as hopes for a ceasefire grew.

But under the hood, recoil divided the Mag 7 into two camps. Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOGL) and Meta (META) rose from their late-March lows, while Tesla (TSLA), Microsoft (MSFT) and Apple (AAPL) fell.

Meta is a special case. It has rebounded sharply from the lows, but unlike Amazon, Nvidia and Alphabet it still hasn’t quite climbed above its pre-war starting point.

Tesla stands out even more. It’s the only stock in the group to fall in both periods, falling 13% over the entire period.

The latest rally further sharpens a lesson investors have been learning for more than a year: “Mag 7” was a useful label for a moment, not a permanent market reality. In fact, these stocks still tell seven different stories.

Jared Blikre is Yahoo Finance’s global markets and data editor. Follow him on X @SPYJared or email him at: jaredblikre@yahooinc.com.