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home / news releases / META - YMAG: Collecting A Big Yield In The Magnificent Seven Spotting The Risks

META - YMAG: Collecting A Big Yield In The Magnificent Seven Spotting The Risks

Meta Platforms Inc

2024-07-08 04:00:40 ET

Summary

  • Magnificent Seven stocks have surged in 2024, with trillions added to market cap collectively just in the last two months; even Tesla has turned positive on the year.
  • A new ETF, YMAG, offers exposure to Magnificent Seven stocks through covered-call ETFs for high yield.
  • YMAG has a high fee and low AUM, and I outline risks associated with the ETF today.

The Magnificent Seven stocks are back in prime form. It has been an interesting stretch, considering the seamless baton toss from one megacap to another. Recall back in May, shares of NVIDIA (NVDA) surged in advance of and through its Q1 earnings report. ...

For further details see:

YMAG: Collecting A Big Yield In The Magnificent Seven, Spotting The Risks
Stock Information
Company Name: Meta Platforms Inc
Stock Symbol: META
Market: NASDAQ
Website: facebook.com
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