META - The Magnificent Seven (Plus Or Minus A Few)
2024-02-16 08:00:00 ET
Summary
- With added excitement surrounding artificial intelligence, the Magnificent Seven may be one of the easiest ways to play this trend without investing in obscure small-cap stocks.
- In a market-cap-weighted ETF like the SPY, it might seem counterintuitive to invest in a group of 500 stocks where only eight stocks make up one-third of the holdings.
- MAGS has so far performed better than the S&P 500, but like many trends and themes, ETFs are often launched past the peak of the trend.
I hear about the Magnificent Seven several times a day — seven companies and eight stocks that have dominated headlines for the past few months....
The Magnificent Seven (Plus Or Minus A Few)