Prasad Sawant, Advisory Head, IIFL Securities, says Mirae Asset, this NYSE FAANG Plus ETF and also Edelweiss US Technology Scheme has also given more than 80% return. Others, like Motilal Oswal Nasdaq 100 ETF have given 20-25% return in the three-year range. Active schemes like DSP US Flexi Cap have given returns in the range … Read more
A host of similarities between tech stocks now and previous bubbles suggest the Magnificent Seven is nearing — but not yet at — levels that may lead it to pop, according to Bank of America Corp. strategists. They cite a handful of indicators, such as bond yields, valuations and price action, that suggest there are … Read more
The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according … Read more