The 3 Priciest Magnificent Seven Stocks: Worth the Splurge?

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Last year, every major index plunged into bear market territory. While they eventually reversed course, the S&P 500’s gains were driven by just a handful of stocks. The so-called Magnificent 7 sticks are a group of mega-cap tech stocks identified by Bank of America (NYSE:BAC) Chief Investment Strategist Michael Hartnett as providing all the lift the stock index enjoyed. Without their gains, the S&P 500’s performance would have been essentially flat.