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?
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