Half of This Massive ETF Is Invested in the "Magnificent Seven." But Is It a Buy Now?
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 (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.
Source Fool.com
Apple Inc. Aktie
Die Community unterstützt Apple Inc. leicht, mit mehr Buy- als Sell-Einschätzungen.
Die Community sieht für Apple Inc. ein leicht positives Kursziel von 222 € im Vergleich zum aktuellen Kurs von 202.2 €.
