To The Moon

🌟🌟🌟Growth stocks led by the Magnificent 7 have been the US stock market's biggest engine for growth and profits since last year. $SPDR Portfolio S&P 500 Growth ETF(SPYG)$ encapsulates these growth stocks into 1 powerful ETF. SPYG is a low cost ETF that seeks to offer exposure to S&P500 companies that display the strongest growth characteristics based on sales growth, earnings change to price ratio and momentum. SPYG tracks the S&P500 Growth Index. The Top 10 holdings include all members of the Magnificent 7 - $Microsoft(MSFT)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ Tesla, Eli Lilly and Broadcom. The Top 10 holdings weightage is 58%. Total number of holdings is 227. Information Technology leads the sector allocation at 47% followed by Consumer Discretionary at 14% and Communications Service at 13%. Big Tech features prominently on SPYG's allocation and Big Tech is what is driving the growth engine in the stock markets currently. The expense ratio is a low 0.04%. So if I invest USD 10,000 in SPYG, I only need to pay USD 4.00 to State Street Global, the fund manager. As the value of my investment grows, this expense ratio is important as it can impact my returns over time. The current dividend yield is 0.92% paid every 3 months. Today Big Tech drove the market rally with the Magnificent 7 leading the charge. Nvidia jumped 4.1%. Amazon added 1.7% and hit an all time high while Google gained more than 2%. Apple jumped 4.3% and registered its best day since May 2023. Microsoft is up 1.1% while Meta Platforms has also risen by 0.6%. Even Tesla is also up 1.6%. Nasdaq100 Index surged to a record close today to rise by 1.68% to 16,442.20. QQQ which tracks Nasdaq 100 is up 1.6%. Performance wise SPYG is up 1.5% and 1.8% in the past 5 days. It is now up 15% year todate and 33% in 2023. In contrast QQQ is up 10.6% year todate and 42% in 2023. Wall Street Analysts are bullish on SPYG with a Buy rating, Target price of USD 80.59, an upside potential of 9% according Tipranks. As a small investor, I like SPYG as it offers me great value for money. At the last closing price of USD 73.66 it is much cheaper than QQQ's closing price of USD 445.37 per share. SPYG does the heavy lifting for me as it selects the best growth stocks within the S&P500 universe. It also minimises my risk on single stocks. Growth stocks are stocks that offer a substantially higher growth rate in comparison to the average growth rate prevailing in the market. It means that growth stocks grow at a faster rate than the average stock in the market and consequently generate earnings more rapidly. SPYG offers me the best of Growth Stocks all nicely packaged into 1 great ETF. That's why SPYG forms part of my core portfolio to hold long term. @Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments