Benzinga readers pick which Magnificent 7 stock could have the best performance if there is a Santa Claus rally to close 2024 and kickstart 2025.
What Happened:The majority of the Magnificent 7 stocks have outperformed the S&P 500 year-to-date in 2024. With a limited number of trading days left to close out the year, one last question on the mind of investors is whether there will be a Santa Claus rally.
The term "Santa Claus rally" was first used by Yale Hirsch in 1972 in the Stock Trader's Almanac. The term is associated with the last five trading days of a year...
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