Group 1 - The Magnificent Seven stocks, a term coined by Bank of America analyst Michael Hartnett, represent seven high-performing tech companies that significantly influence the U.S. market [1] - These companies account for 34% of the S&P 500, indicating their substantial impact on market capitalization and overall market success, with a gain of nearly 700% from 2015 to 2024 [2] - Apple is ranked as the seventh-best stock to buy among the Magnificent Seven for 2026, highlighting its continued relevance and investment potential [3] Group 2 - Apple is renowned for its iPhone, which transformed the smartphone industry upon its release in 2007, leading to a 133% increase in shares that year [5] - For fiscal 2025, Apple reported $416.1 billion in revenue, with approximately 50% derived from iPhone sales, showcasing its reliance on this product [6] - Revenue projections for fiscal 2025 indicate growth across various categories, including a 4.17% increase in iPhone sales to $209.58 billion and a 13.51% increase in Services revenue to $109.16 billion [7][9]
Ranking the Best "Magnificent Seven" Stocks to Buy for 2026. Here's My No. 7