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The S&P 500 fell 9.7% last week. All MAG 7 stocks finished lower but Microsoft MSFT, Google GOOGL, and Tesla TSLA fell less than the market average. While Apple AAPL, Nvidia NVDA, META got hit the hardest.

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Year to date all MAG 7 stocks are performing worse than the market average. Although Meta and Microsoft are hanging pretty close.

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Where do we stand after such a sharp decline in prices?

All but Tesla are now trading below their 5 year average forward PE. The combined average is 32.8% below the 5 average.

Although only Google trades at a PE below the market average.

Looking at price to growth (PEG), 3 of the 7 are trading below their 5 year average PEG rates (Nvidia, Amazon, Google). While the combined average is -25% below their 5 year averages, but this skewed by Nvidia.

Nvidia and Google are trading at a PEG below the SP 500 market average.

Bottom line: If growth at a reasonable price is important to you, then Nvidia, Google, and Amazon look to be best positioned here.

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