Streetbeat News

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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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

The Dow Jones Industrial Average hit all-time highs in the first half of 2024, with 18 of its 30 components showing gains. The top gainers were Walmart, Amazon, American Express, Microsoft, and JPMorgan Chase, while the biggest losers were Intel, Nike, Boeing, McDonald's, and Johnson & Johnson. The Dow's performance lagged behind the S&P 500 and the Magnificent 7 stocks.

Portfolio Pulse from Chris Katje

July 01, 2024 | 10:38 pm

The Magnificent 7 stocks, including Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta Platforms, and Tesla, now make up 31% of the S&P 500 ETF Trust (SPY) and have significant weight in the Invesco QQQ Trust (QQQ). Nvidia's strong performance has driven its market cap close to Microsoft and Apple. The high concentration of these stocks in major ETFs raises concerns about potential volatility.

Portfolio Pulse from Chris Katje

May 29, 2024 | 5:15 pm

Roundhill Investments CEO Dave Mazza discussed the potential short-lived nature of the current meme stock rally, driven by renewed interest in stocks like GameStop (GME) and AMC Entertainment (AMC). The MEME ETF was closed in November 2023 due to low assets and trading volume. Roundhill's other ETFs, including MAGS and CHAT, are performing well, with significant holdings in major tech companies. A new ETF focused on weight-loss drugs is also in the pipeline.

Portfolio Pulse from Chris Katje

May 17, 2024 | 7:04 pm

Roundhill Investments has achieved a significant milestone by reaching $1 billion in assets under management (AUM). This achievement underscores the firm's growth and success in the investment management industry. Although MAGS is mentioned in the article, it does not play a central role in this news.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:20 pm

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