You know the "Magnificent Seven" stocks," right? Even if you do, you might have trouble remembering all seven, just as I often have trouble naming all seven of Snow White's short companions. So here they are:

• Apple
• Amazon(NASDAQ: AMZN)
• (Google parent) Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL)
• (Facebook parent) Meta Platforms(NASDAQ: META)
• Microsoft(NASDAQ: MSFT)
• Nvidia
• Tesla

They're referred to as "magnificent" in large part because of their amazing performance over the past years and decades. Check it out for yourself:

Data source: Morningstar.com as of Oct. 22, 2024.

See? Amazing. (Remember that the S&P 500 has averaged annual gains of close to 10% over many decades -- and it's hard to beat that.)

Image source: Getty Images.

The numbers above may depress you if you weren't holding any or many of the stocks over the past years. Don't despair, though -- it's not too late to become a Magnificent Seven shareholder! Specifically, four of the seven seem attractively or reasonably valued these days.

Parabolic returns?

Will these stocks' future returns be as robust as their past ones? No one knows, and they may not. But each of them could deliver parabolic returns -- with graphs of their performance moving sharply upward -- most likely over a short period.

More importantly, even if they fall short of parabolic gains, the stocks below are likely to reward investors quite well over many years -- and that's more important than chasing parabolic gains.

1. Amazon

You might be interested in owning shares of Amazon because you're familiar with its truly massive online marketplace and you've been noticing its delivery trucks circling your neighborhood daily. But there's much more to the company, most notably its Amazon Web Services, the leading cloud computing platform.

Despite its size, Amazon is still growing by double digits while investing in artificial intelligence (AI) and other promising technologies. Third-quarter revenue rose 11% year over year, while net income popped by 55%. With a recent forward-looking price-to-earnings (P/E) ratio of 34, well below its five-year average of 53, the stock seems appealingly valued.

2. Meta Platforms

Meta Platforms(NASDAQ: META) used to be known as Facebook, but it changed its name to reflect the fact that it's about much more than just Facebook. It owns Instagram, Messenger, and WhatsApp, for example, and it's been busy investing in developing technologies such as AI, where it's spending billions. It has already deployed AI functionality into its social networking platforms, and CEO Mark Zuckerberg has said, "Meta AI is on track to be the most-used AI assistant in the world by the end of the year."

Meta's third quarter featured revenue up 19% year over year, with net income up 35%. The company noted that it had 3.3 billion daily active users across its platforms, up 5% year over year. That massive reach is one reason Meta Platforms may keep growing rapidly, as it rakes in money via online advertising and finds other ways to monetize.

With its recent forward P/E of 24 a bit above its five-year average of 21, the stock doesn't seem bargain valued, but does seem reasonably valued. So, if you believe in its long-term potential, you might invest in it now -- or add it to your watch list, hoping for a pullback in price. Another option is to spend a portion of what you want to spend on Meta shares now and plan to buy more shares later.

3. Alphabet

Alphabet is another Magnificent Seven stock investing heavily in AI, with its dominant search engine Google now incorporating AI successfully. Alphabet is more than just Google, though, as it also encompasses YouTube, Fitbit, Nest, and other businesses.

Some worry that due to antitrust concerns, Alphabet might get broken up. That might not happen, though, and if it does, it's not necessarily bad news for investors. Shareholders would likely end up with parts of any newly formed businesses. In the meantime, the business is growing quickly and is likely to continue doing so in the years to come. Its impressive third quarter featured revenue up 15% year over year and net income up 34%.

With its recent forward P/E of 19 well below its five-year average of 23, the stock seems somewhat fairly valued. It's easy to see it growing robustly in the years to come, as it generates boatloads of cash, is in strong financial shape, and enjoys competitive advantages such as the network effect -- where, for example, YouTube is so huge that it's where video producers go to share videos with a huge audience.

4. Microsoft

Then there's Microsoft, another multifaceted business that includes the seemingly ubiquitous Office productivity software, the Azure cloud computing platform, the Xbox gaming platform, and the Windows operating system, among other things. Microsoft is also -- yes, you guessed it -- well positioned to profit from the growth of AI, having invested billions in ChatGPT creator OpenAI and incorporating AI into many of its offerings.

Microsoft is yet another behemoth managing to grow briskly. In its quarter ended Sept. 30, revenue jumped 16% year over year, while net income grew 11%. It exceeded expectations, but management's guidance for the coming quarter disappointed some. With its recent forward P/E of 31 close to its five-year average of 30, Microsoft seems appealingly valued.

So consider investing in -- or holding -- one or more of these Magnificent Seven stocks, as they can help lead your portfolio to more magnificent results over the long term. They might even deliver some parabolic returns over some short periods.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

• Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $23,446!*
• Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,982!*
• Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $428,758!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of November 4, 2024

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Selena Maranjian has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.