The “Magnificent Seven” (Mag 7) stocks continue to drive the equity market’s growth, with third-quarter earnings up 28.3% year over year. AI companies like Nvidia and cloud giants Microsoft, Alphabet, and Amazon led the charge. Apple also posted strong numbers, while Meta Platforms faced a one-time tax charge and Tesla disappointed.
Analysts predict Mag 7 earnings to grow by 21% over the next year, up from 15%. They are projected to account for 26% of total S&P 500 earnings in 2026. For investors seeking exposure to these stocks, ETFs like XLG, QQMG, and IYW offer diversification and growth potential.
XLG, with top holdings including NVDA and APPL, has surged 19.7% year to date. QQMG, with a focus on ESG criteria, has soared 23.3%. IYW, offering exposure to tech companies, has surged 26.2%. These ETFs provide a strategic advantage for investors looking to capitalize on the Mag 7’s strength.
Read more at Nasdaq: Mag 7 Beats S&P 500 in Q3: Buy These 3 ETFs to Tap Their Strength
