Market news
The "Magnificent Seven" ETF finally topped the record high it set in May.
A technical setup in the Roundhill Magnificent Seven ETF (MAGS) is drawing attention as traders watch whether mega-cap technology leadership can reassert itself.
Detailed price information for Apple Inc (AAPL-Q) from The Globe and Mail including charting and trades.
Last week, MAGS broke out of a multi-month consolidation. The MAGS chart looks strong. However, when you look at look each component individually, their charts are very different.
For the first time, the Magnificent Seven are moving against U.S. market momentum rather than with it.
Most of the "Magnificent Seven" stocks are still doing well. Just don't expect generational returns anymore.
The ETF invests only in "Magnificent Seven" stocks.
Magnificent Seven valuations look discounted as AI CapEx turns into earnings. Click here to read in detail.
The Magnificent Seven was never a durable investment approach, destined to stop working like earlier versions of the same theme.
"We believe a meaningful driver of weakness has been technical rather than fundamental," Stephen Byrd, an analyst at Morgan Stanley, wrote in a note.
Mag 7 stocks erase $797B as AI capex surges and payouts drop to 37%. Fidelity's Jurrien Timmer asks if this marks "the end of an era."
The broader technology sector weakened after renewed geopolitical tensions in the Middle East weighed on investor sentiment.
Tesla and Alphabet capex shocks plus $100 oil drove the Roundhill Magnificent Seven ETF down 4%, its worst session since April 2025.
Alphabet and Tesla are slated to report Q2 earnings Wednesday afternoon, kicking off what’s expected to be another round of strong reports for the Magnificent Seven.
The Mag 7 cohort has lagged the market this year. Citi said its "growth cluster" is a better way to define stocks with strong potential and AI exposure.
Hyperscalers price-to-earnings ratios are at similar levels to those seen in March 2020, Goldman Sachs says.
MAGS, the top Magnificent 7 ETF has tumbled by 8.7% from its highest point this year, with some of its companies becoming bargains
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