By Callum Keown

It's been less Mag 7 and more Lag 7 when it comes to the group of megacap stocks this year. But it looks like that's starting to change.

The Roundhill Magnificent Seven exchange-traded fund is up 6% over the period, its best three-day streak since Nov. 8, according to Dow Jones Market Data. The S&P 500 is up 1.9% over the same period as the broader market has staged a partial comeback after recent selling.

The stocks are still having a bad year -- Apple and Nvidia are down more than 10%, Alphabet has fallen 9%, and Microsoft and Amazon are off 6%. Tesla has been the worst hit, falling 29% in 2025, while Meta Platforms is the best performer climbing 7%.

But things are looking brighter -- all seven stocks are higher so far this week led by Tesla's 16% jump.

However, with plenty of uncertainty around it may not yet be time to buy for investors, Catalyst Funds portfolio manager Charles Ashley said. "I'm cautious on the Mag 7 right now. I'm not bearish on them but I think there could be a better point in terms of the price level," he said in a note Tuesday.

"Once we get clarity in the markets, it might present a pretty good buying opportunity," he added.

Write to Callum Keown at callum.keown@barrons.com

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March 26, 2025 05:04 ET (09:04 GMT)

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