Memory stocks are in a bear market. But the Magnificent Seven are back on offense — leading the market higher once again.
Since the late-June turn in growth stocks, the Roundhill Magnificent Seven ETF (MAGS) is up 8%, while the S&P 500 minus the Mag Seven — tracked by the Defiance Large Cap ex-Mag 7 ETF (XMAG) — is basically flat.
» Read more about: Big Tech is dodging the chip stocks wipeout: AlphaCheck »
There are some investors out there who like to keep a close eye on Cathie Wood investments. Many of the technology-focused exchange-traded funds (ETFs) offered by Wood’s Ark Investment Management are popular choices for investors.
Ark Invest recently made a big move, adding $7 million to its holdings in Space Exploration Technologies (SPCX 6.83%).
Indian equity markets are under pressure on Wednesday, July 8 with the Sensex and Nifty 50 declining over to 2% each, extending their losses for the second straight session. The losses come after a four-day winning streak, which ended on Tuesday.
As of 2:30 PM, the Nifty 50 is trading with losses of close to 550 points,
There’s more disappointing news for home shoppers who were hoping this would be the year of the sub-6% mortgage rate: At 6.43% during the week ending July 2, rates are probably the lowest they’ll get through the New Year.
The average 30-year fixed mortgage rate will likely remain between 6.50% and 6.70% until 2027,
Interactive Brokers operates the world’s largest online investing platform for stocks, options, futures, and cryptocurrency.
The company benefits when the financial markets are volatile, because more trading activity leads to more commissions.
Interactive is coming off two straight months of record average daily transaction volume.
» Read more about: Prediction: This Under-the-Radar Growth Stock Is Going to Soar After July 21 »
Warren Buffett has never hidden his love for Coca-Cola (KO). While nutrition experts might cringe at the thought of drinking five sodas a day, the Berkshire Hathaway (BRK.A) (BRK.B) chair has made it part of his daily routine for decades—and turned that personal preference into one of the most profitable investments of his career.
Last month, Berkshire Hathaway made some major deals, including a $10 billion private placement investment in Google parent Alphabet.
Representing a further increase in Berkshire’s equity position in the “Magnificent Seven” stock, this transaction could foreshadow a greater allocation into technology stocks.
Greg Abel, Warren Buffett’s successor as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), made few changes to Berkshire’s portfolio when he first took the role in January, but over the past month, he has made some major moves.
As you may recall, last month, Berkshire announced plans to acquire homebuilder Taylor Morrison for $8.5 billion.
