2023-11-29 06:16:00 ET
The Magnificent Seven have captivated markets this year, and for good reason. The term, coined by Bank of America analyst Michael Hartnett, is used to describe Apple (NASDAQ: AAPL) , Microsoft (NASDAQ: AAPL) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Amazon (NASDAQ: AMZN) , Nvidia (NASDAQ: NVDA) , Meta Platforms (NASDAQ: META) , and Tesla (NASDAQ: TSLA) .
Combined, these companies have a market cap of $11.83 trillion. And all seven stocks are beating the market so far year to date, from Apple's 46.7% year-to-date (YTD) gain to Nvidia's blistering 242.3% YTD gain.
The Vanguard Growth exchange-traded fund (ETF) (NYSEMKT: VUG) includes 221 stocks, but the Magnificent Seven make up just over half of the fund's allocation. Here's why the ETF is a good way to invest in the Magnificent Seven, as well as other parts of the market.
For further details see:
Half of This Massive ETF Is Invested in the "Magnificent Seven." But Is It a Buy Now?