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MAGS

Roundhill Magnificent Seven ETF

http://www.magalsecurity.com

Industry

Asset Management

The fund is an actively managed exchange-traded fund (“ETF”) that pursues its investment objective by seeking investment exposure to the largest companies (“Underlying Issuers”) in one or more of the following industries, each of which is defined by an independent industry classification scheme: Technology Hardware Industry; E-Commerce Discretionary Industry; Internet Media & Services Industry; and Software Industry (collectively, the “Technology Industries”). The fund is non-diversified.

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A recent Benzinga poll asked readers which of the Magnificent 7 stocks they believe will best weather a recession. Amazon and Nvidia tied for the top spot, followed by Microsoft. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) experienced significant drops due to economic uncertainties. Despite recent market recovery, investors remain cautious about a potential recession.

Portfolio Pulse from Chris Katje

August 09, 2024 | 2:03 pm

Morgan Stanley analysts, led by Erik Woodring, have analyzed the recent sell-off's impact on mega-cap stocks, particularly the 'Magnificent Seven' (Nvidia, Microsoft, Meta, Apple, Alphabet, Amazon, and Tesla). Despite a 9% average decline month-to-date, these stocks are seen as attractive due to their future growth prospects. The analysis suggests that while there is downside risk in a recession scenario, the Magnificent Seven may outperform small-caps if the economy avoids a hard landing. ETFs like Invesco QQQ Trust, Roundhill Magnificent Seven ETF, and iShares Russell 2000 ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

August 09, 2024 | 10:03 am

Wall Street analyst Ed Yardeni suggests that the recent tech stock selloff may be over, despite disappointing earnings from Alphabet and Microsoft. The Nasdaq 100, tracked by Invesco QQQ Trust, fell 2.7%, while the Roundhill Magnificent Seven ETF declined by 1.9%. The iShares Semiconductor ETF dropped over 7%. Yardeni highlights that some tech stocks, like Nvidia, Meta, and Netflix, still offer attractive valuations.

Portfolio Pulse from Piero Cingari

August 01, 2024 | 7:36 pm

The Magnificent Seven, a group of elite tech companies, face a crucial market test as four mega-cap tech giants—Microsoft, Meta Platforms, Amazon, and Apple—report their quarterly earnings this week. The Roundhill Magnificent Seven ETF recently experienced its worst day since inception, highlighting market volatility. Analysts are closely watching investor sentiment and potential shifts in market dynamics.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 1:15 pm

The Nasdaq 100 experienced its worst session since late 2022, falling below its 50-day moving average. Major tech stocks, including Alphabet, Tesla, Nvidia, Broadcom, and Arm Holdings, saw significant declines. The Invesco QQQ Trust and Roundhill Magnificent Seven ETF also suffered notable drops.

Portfolio Pulse from Piero Cingari

July 24, 2024 | 8:37 pm

Despite a recent correction in tech stocks, the 'Magnificent Seven' companies still make up over 30% of the S&P 500. The Roundhill Magnificent Seven ETF (MAGS) has dropped over 10% in the past two weeks, but the ETF is still up over 35% for the year. Experts warn of potential overvaluation in stocks like NVIDIA.

Portfolio Pulse from Hayden Buckfire

July 24, 2024 | 4:40 pm

The Nasdaq 100 experienced its worst day in 11 months, driven by a broad selloff in semiconductor stocks following news of the Biden administration's accelerated export restrictions to China. Major chipmakers like ASML Holding and Nvidia saw significant declines, impacting related ETFs and indices. The S&P 500 and Russell 2000 also fell, while the Dow Jones rose. Other notable stock movements included significant drops in AMD, TSM, ARM, and SCHW, while JNJ rallied on strong earnings.

Portfolio Pulse from Piero Cingari

July 17, 2024 | 6:27 pm

Bank of America analysts predict a December rate cut by the Federal Reserve, diverging from the majority who expect a September move. They foresee near-term S&P 500 volatility due to election uncertainty but recommend large-cap value stocks in cyclical sectors. The 'Other 493' companies in the S&P 500 are expected to show earnings growth, while mega-cap tech companies may decelerate.

Portfolio Pulse from Piero Cingari

July 17, 2024 | 3:46 pm

The 'Magnificent 7' technology companies have driven significant gains in the SPDR S&P 500 ETF Trust (SPY) in 2024. These companies include Microsoft, Apple, NVIDIA, Alphabet, Amazon, Meta Platforms, and Tesla. The Roundhill Magnificent Seven ETF (MAGS) has also seen substantial growth. The combined market cap of these companies is nearing the size of China's projected GDP for 2024. Key factors influencing future performance include AI development, earnings results, regulatory concerns, and the 2024 election.

Portfolio Pulse from Hayden Buckfire

July 05, 2024 | 8:07 pm

The S&P 500 and Nasdaq 100 indices reached record highs, driven by the Magnificent Seven stocks. The Roundhill Magnificent Seven ETF (MAGS) saw a significant weekly gain. Gold miners rallied, with the VanEck Gold Miners ETF (GDX) showing strong performance. The labor market data led to increased expectations for Federal Reserve rate cuts. Major indices and ETFs showed mixed performance, with notable movements in tech and airline stocks.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 5:45 pm

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