The Forgotten $MAGS Surged by 43% in 2024, Tracking Top 7 Stocks!

Ryan_Z0528
07-04

The market in 2024 has been incredibly favorable, with major technology stocks reaching new highs continuously. $Tesla Motors(TSLA)$ Tesla, which once plummeted to the brink of shaking investors' faith, made a strong comeback this week, crushing short sellers.

As of July 3rd, the day before American Independence Day, the $S&P 500(.SPX)$ has risen by 16.08% this year, the $NASDAQ(.IXIC)$ has risen by 21.16%, and the $DJIA(.DJI)$ has risen by 4.29%.

$Microsoft(MSFT)$ is currently priced at $460.77, $Apple(AAPL)$ at $221.55, $NVIDIA Corp(NVDA)$ at $128.28, $Alphabet(GOOGL)$ at $187, $Amazon.com(AMZN)$ at $197, and $Meta Platforms, Inc.(META)$ at $509.9.

Then $Berkshire Hathaway(BRK.A)$ is at $405, $Eli Lilly(LLY)$ at $898.1, Broadcom (AVGO) at $1,729, and $Tesla Motors(TSLA)$ is now at $246.3.

Assuming the purchase of one share of each would cost over $4,000.

However, there is an ETF that includes the aforementioned seven important individual stocks, and its increase over the past two years has surpassed the three major indices, which may have been previously overlooked by the public.

$The Magnificent Seven ETF(MAGS)$ , with the latest quote at $47.94, has risen by 43% YTD in 2024 and exceeded 35% in 2023.

(Note: YTD stands for Year-To-Date, indicating the performance of the ETF from the beginning of the year to the current date.)

$The Magnificent Seven ETF(MAGS)$ 's year-to-date gains have surpassed those of the top ten largest market value stocks, with the exception of $NVIDIA Corp(NVDA)$ , $Broadcom(AVGO)$, and $Eli Lilly(LLY)$.

$Tesla Motors(TSLA)$ leads the Holding Weight among 7 stocks.

Even its rate of return has exceeded the 19.9% gain of the $Invesco QQQ(QQQ)$ this year and is significantly above its average annual increase of 13.7% since 1985.

After reading so much data and information,

would you consider the ETF $The Magnificent Seven ETF(MAGS)$ at the current price of $47 per share for the rest of 2024?

Mag 7: Would You Choose Stocks or ETFs?
This year’s rally, led by Nvidia, has paused slightly. But, GOOG, AMZN, and MSFT have repeatedly broken new highs this year. If you are not sure about which company to choose, how about looking at Magnificent ETFs? MAGS has yielded a YTD return of 44%, second only to NVDA and META. Mega cap ETF MGK has yielded a YTD return of 25%, outperforming MSFT, AAPL, and TSLA. ------------ Would you choose stocks or ETFs?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • YoungYun
    07-04
    YoungYun
    You've uncovered a hidden gem
    • Ryan_Z0528
      Looking forward to being helpful to us.
  • AdamDavis
    07-04
    AdamDavis
    Interesting analysis
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