EXCLUSIVE: Which Magnificent 7 Stock Would Investors Put $1,000 In Today? 44% Of Benzinga Readers Pick This Company

Over the past year, investors have often turned to the market leaders, which among large cap companies are often the Magnificent 7 stocks.

A new Benzinga poll looks at which of the seven stocks are the most popular with investors today.

What Happened: Six of the seven Magnificent 7 stocks are up year-to-date in 2024 and several of the names are believed to be companies that could be resilient against a potential recession.

Benzinga readers were asked which of the seven stocks they would invest in today.

"If you had $1,000 to invest in a Magnificent 7 stock right now, which one would you choose?" Benzinga asked.

The results were:

NVIDIA Corp. NVDA: 44%

Apple Inc AAPL: 13%

Amazon.com Inc AMZN: 11%

Microsoft Corp MSFT: 10%

Tesla Inc TSLA: 9%

Meta Platforms Inc. META: 8%

Alphabet Inc GOOGGOOGL: 6%

The results of the poll showed a clear preference for Nvidia as the top place to invest $1,000 in today. The race for second place was much closer with Apple ranking slightly ahead of Amazon and Microsoft.

Potentially surprising to some, Alphabet ranked last in the poll with 6% of the vote, which could be due to recent concerns of a company breakup with an ongoing battle with the U.S. Department of Justice.

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Why It's Important: The latest Benzinga poll shows Nvidia as a winner once again. The company was picked as the top Magnificent 7 stock to weather a recession, tying with Amazon for the victory. Both Nvidia and Amazon received 27% in the previous Benzinga poll.

Benzinga readers picked Meta, Alphabet and Tesla as the worst stocks to weather a recession. All three stocks also ranked last in this poll, suggesting that investors are not in favor of these three large-cap stocks during the current economic climate.

When selecting where to put $1,000 in today, investors could also be looking at past performance. Here's a look at the year-to-date and five-year performances of the Magnificent 7 stocks as of Aug. 15:

• Alphabet: +15.3% YTD, +176.6% 5-Year
• Amazon: +16.0% YTD, +98.4% 5-Year
• Apple: +13.0% YTD, +342.8% 5-Year
• Meta: +52.1% YTD, +194.8% 5-Year
• Microsoft: +11.4% YTD, +212.7% 5-Year
• Nvidia: +146.6% YTD, +3,154.5% 5-Year
• Tesla: -14.0% YTD, +1,359.8% 5-Year

A look at the performance shows that readers picked the top-performing Magnificent 7 stock of the past five years to put their $1,000 investment in. Tesla, which has the second-best 5-year performance ranked near the bottom in the new poll, suggesting investors don't see the same upside ahead.

For investors looking for exposure to the Magnificent 7 stocks without having to choose one or two winners, there is the Roundhill Magnificent Seven ETF MAGS, which holds all seven stocks.

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The study was conducted by Benzinga on Aug. 13 and Aug. 14, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 174 adults.

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