| This year, the performance of the S&P 500 has been heavily dependent on a group of stocks known as the "Magnificent Seven." These are the seven giant tech stocks that have accounted for nearly all the S&P 500's gains this year. You know the names. The group is composed of Apple (Nasdaq: AAPL), Amazon (Nasdaq: AMZN), Alphabet (Nasdaq: GOOGL), Meta Platforms (Nasdaq: META), Microsoft (Nasdaq: MSFT), Nvidia (Nasdaq: NVDA) and Tesla (Nasdaq: TSLA). Just look at how these massive stocks have performed in 2023... The worst-performing stock of the bunch is up 40%! After a big year like this, you won't be surprised to learn that the stocks in the Magnificent Seven are not cheap. The average price-to-earnings ratio of these seven stocks is a gaudy 41. That is rich... but it's no surprise. These stocks have carried the S&P 500 to a 14% increase so far in 2023. However, if you remove the performance of the Magnificent Seven, the S&P 500 would be roughly flat for the year. These big stocks have heavy weightings in the index, and as a result, their performance has a significant impact on it. You can see the extent of their influence in the chart below, which compares the equal-weighted S&P 500 index (in which every stock counts the same) with the regular, market cap-weighted S&P 500. Again, the S&P 500 is up 14% in 2023... but the equal-weighted version of the index is hardly up at all. While the strong performance of the Magnificent Seven has made those stocks (and the market cap-weighted S&P 500) expensive, the underperformance of the rest of the market has made many other stocks cheap. So you may be asking... what should you be doing to capitalize on the Magnificent Seven (and the "Mediocre 493")? To answer that question, The Value Meter has evaluated not one, not two, not three... but four specific tickers investors might use to play this trend. | 
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