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The Vanguard Mega Cap Growth ETF (NYSEMKT: MGK) is an exchange-traded fund (ETF) that invests exclusively in America's largest companies, and it assigns a very high weighting to the Magnificent Seven.
Amazon is the only other Magnificent Seven component to be up on the year to the tune of 5.2%, slightly ahead of the 3.5% increase for the S&P 500 . Alphabet, Apple, Nvidia, Microsoft, and Tesla ...
But the fund provides additionally diversity, which has allowed it to outperform five members of the Magnificent Seven (and the S&P 500) in 2024 with a year-to-date return of 27%.
Terry Smith, founder and manager of the U.K.’s biggest investment fund, Fundsmith, has avoided backing the Magnificent Seven, opting for value investing akin to Warren Buffett’s strategy.
The Roundhill Magnificent Seven ETF was down slightly on the day but has gained 3% this week. As many companies struggled to navigate a high inflationary environment over the last few years ...
The Magnificent 7 refers to seven tech stocks that have contributed a significant portion of the stock market’s returns in recent years and, in several cases, have grown to multi-trillion dollar ...
Bank of America analyst Michael Hartnett popularized the “Magnificent Seven” as a stock term just over a year ago. The movie-inspired moniker refers to Alphabet, Amazon, Apple, Meta, Microsoft ...
The Magnificent 7 stocks are a group of mega-cap stocks that drive the market’s performance due to their heavy weighting in major stock indexes such as the Standard & Poor’s 500 and the Nasdaq ...