You've probably never heard of Michael Hartnett. But his phraseology came to dominate the world of finance over the past two years.

Hartnett is the chief investment strategist for Bank of America Global Research. And in 2023, he coined the term "Magnificent Seven."

These are the seven largest U.S. stocks. They drive the artificial-intelligence boom... and move the overall market more than any other group.

Not all Magnificent Seven stocks are equal, though. Nvidia (NVDA) has been the biggest winner over the past two years, rising nearly 400%. But the second-biggest winner isn't far behind. It has risen nearly 250%.

Not only that, but it also made two rare moves... both of which point to massive upside potential. And they mean this big winner could soar another 50%-plus over the next year.

Let me explain...

The second-biggest winner from the Magnificent Seven has been social media giant Meta Platforms (META). After bottoming in November 2022, it's up more than 600%.

The most impressive part is that this incredible rally can continue, too. That's because the stock recently triggered two rare setups... signaling much higher prices ahead.

First, Meta recently did something that most folks would find hard to believe. It rallied every day... for 20 straight days.

That's right. The stock rose from January 17 through February 14 without taking a break. You can see it on the chart below...

This kind of setup is practically unheard of. I can't remember ever seeing a run of 20 straight days.

This is also a first for Meta. So to test similar setups, I looked at every instance where the stock rallied for seven or more straight days. That has only happened 10 other times since the stock went public in 2012.

The second setup for Meta is also rare. The stock jumped more than 22% over another recent 20-day stretch. That has only happened 15 times.

These situations both tell us that an uptrend is in place... and momentum is accelerating. And they both point to massive gains in the months ahead. Take a look...

Meta didn't join the Magnificent Seven by accident. It has always been an incredible winner. Since it went public, the stock has risen 26% a year.

Despite that incredible performance, there are times when Meta outperforms. And the two setups we're looking at today fit the bill...

If you had bought after seven straight up days, you'd have earned 35% over the next six months and 49% over the next year. Plus, the stock was higher 100% of the time a year later.

If you had bought after a 22% rally in just 20 days, you'd have done even better... with gains of 23% in six months and 64% over a year. Plus, there was an 87% chance the stock was up more than 20% a year later.

That's a lot of numbers. But the idea here is simple...

Meta is in the middle of a rare and powerful rally. And that's a good reason to expect much higher prices in the months ahead.

Now, the stock has sold off in recent weeks alongside the overall market. But according to history, this is likely a short-term blip. And we could see a 50%-plus gain over the next year.

So, if you're looking for a Magnificent Seven stock to add to your portfolio, Meta is positioned for a major rally... and it's one to consider right now.

Good investing,

Brett Eversole