Latest news with #RoundhillMagnificentSevenETF
Yahoo
13-05-2025
- Business
- Yahoo
ETFs on the Move Post U.S.-China Trade Deal
The U.S.-China trade deal has infused fresh optimism into the stock market. The S&P 500 rose about 3% in the early hours of trading, while the Dow Jones gained around 1000 points. The tech-heavy Nasdaq Composite Index skyrocketed 3.8%. With this rally, Wall Street is on the way to record another banner United States and China have agreed to substantially roll back tariffs on each other's goods for an initial 90-day period. Under the agreement, the United States will reduce tariffs on Chinese goods from 145% to 30%, while China will lower its tariffs on American imports from 125% to 10% (read: 5 Sector ETFs to Make the Most of the U.S.-China Trade Deal). Technology stocks and ETFs are expected to benefit most from the move. AI chip leader NVIDIA (NVDA) jumped nearly 5%, while Amazon (AMZN), Apple (AAPL) and Tesla (TSLA) also posted strong gains. Roundhill Magnificent Seven ETF MAGS jumped 4.8% in early trading while MicroSectors FANG+ ETN FNGS climbed 3%. Roundhill Magnificent Seven ETF is the first-ever ETF that offers investors equal-weight exposure to the 'Magnificent Seven' stocks. MicroSectors FANG+ ETN is linked to the performance of the NYSE FANG+ Index, which is an equal-dollar-weighted index designed to provide exposure to a group of highly traded growth stocks of next-generation technology and tech-enabled companies. The trade deal boosts the U.S. dollar against a basket of currencies. The U.S. Dollar Index rose about 1%. Invesco DB US Dollar Index Bullish Fund UUP is the prime beneficiary of the rising dollar as it offers exposure against a basket of six world currencies. It has a Zacks ETF Rank #3 (Hold). Gold tumbled nearly 3% as the United States and China's temporary trade truce bolstered risk appetite, diminishing the demand for the yellow metal. The ultra-popular SPDR Gold Trust ETF GLD also declined. It has a Zacks ETF Rank #3 (read: How to Play the Gold Rush With ETFs).The bearish plays on gold like ProShares UltraShort Gold ETF GLL, DB Gold Short ETN DGZ and DB Gold Double Short ETN DZZ and gold stocks like Direxion Daily Gold Miners Index Bear 2x Shares DUST, Direxion Daily Junior Gold Miners Index Bearl 2x Shares JDST and MicroSectors Gold Miners 3X Inverse ETN GDXD are rising. Oil prices jumped about 4% as U.S.-China tariff reductions lifted hopes of stronger demand from the world's top two oil consumers. United States Oil Fund USO and United States Brent Oil Fund (BNO) gained more than 3% in early trading hours (read: Oil Slumps to Below $60: ETFs to Gain). President Donald Trump announced plans to sign an executive order aimed at significantly reducing U.S. prescription drug prices by 30% to 80%. The initiative, known as the "most favored nation" policy, seeks to align U.S. drug prices with those of the lowest-paying countries globally. Despite the new pricing overhaul, pharma ETFs like iShares U.S. Pharmaceuticals ETF IHE, VanEck Vectors Pharmaceutical ETF PPH, Invesco Pharmaceuticals ETF PJP, and SPDR S&P Pharmaceuticals ETF XPH are in green. IHE and PPH are up around 1% each, while PJP and XPH have gained more than 2% each. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports United States Oil ETF (USO): ETF Research Reports United States Brent Oil ETF (BNO): ETF Research Reports Direxion Daily Gold Miners Index Bear 2X Shares (DUST): ETF Research Reports Invesco Pharmaceuticals ETF (PJP): ETF Research Reports iShares U.S. Pharmaceuticals ETF (IHE): ETF Research Reports SPDR S&P Pharmaceuticals ETF (XPH): ETF Research Reports VanEck Pharmaceutical ETF (PPH): ETF Research Reports MicroSectors FANG+ ETN (FNGS): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
12-05-2025
- Business
- Business Upturn
Magnificent Seven stocks rally as US-China tariff truce sparks tech surge; Amazon leads with 7% jump
By Aditya Bhagchandani Published on May 12, 2025, 19:53 IST The Magnificent Seven tech stocks—Apple, Microsoft, Amazon, Nvidia, Alphabet (Google), Meta, and Tesla—rallied sharply on Monday as global investors cheered a temporary easing in US-China trade tensions. Following the announcement of a 90-day suspension of steep reciprocal tariffs, the Roundhill Magnificent Seven ETF (MAGS) jumped over 6% in premarket trading, signaling strong optimism across tech giants. According to a sector heatmap, here's how the Mag 7 stocks performed post-announcement: Amazon (AMZN) : +7.01% Tesla (TSLA) : +5.58% Meta (META) : +5.48% Apple (AAPL) : +4.52% Nvidia (NVDA) : +4.19% Google (GOOGL) : +3.2% Microsoft (MSFT): +0.76% Investors appear to be pricing in stronger revenue prospects for these companies, many of which have been battered by prolonged geopolitical uncertainty and supply chain constraints. The tech-heavy Nasdaq also surged 3.8%, leading broader market gains after the announcement. eToro global markets analyst Lale Akoner told Yahoo Finance that the continued monetization of AI investments and upward revisions in capex guidance among several of these firms is adding to the bullish momentum. Under the new deal, US tariffs on Chinese goods will drop from 145% to 30%, while China is also cutting duties on US imports to 10% from 125%. However, a separate 20% tariff related to fentanyl concerns will remain intact. With tech stocks back in favor and earnings season still in swing, all eyes are now on inflation prints later this week to determine whether this rally has more room to run. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
12-05-2025
- Business
- Yahoo
US-China tariff agreement may add fuel to 'Magnificent 7' stock rally
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube or wherever you find your favorite podcasts. A US-China tariff standstill may mean the "Magnificent Seven" trade does anything but stay in place. While global markets soared on the news of reduced tariffs, the closely watched Roundhill Magnificent Seven ETF (MAGS) ripped 6% in premarket trading. "I think given that [Mag 7] are showing that they can still monetize AI capex and some of them are increasing capex guidance as well is quite positive," eToro global markets analyst Lale Akoner said on Yahoo Finance's Opening Bid podcast. This embedded content is not available in your region. The US and China agreed on Monday to ratchet down the tariff war for 90 days as each economy begins to feel the pressure of bruising penalties. After a weekend of meetings in Switzerland, the US will reduce "reciprocal" tariffs on goods from China to 10% from 125%. A separate 20% tariff imposed by President Trump over what he says is China's role in the fentanyl trade will remain intact. China will cut its retaliatory tariffs on US goods to 10% from 125%. Traders use the Roundhill Magnificent Seven ETF as a proxy for the Mag 7, as its top holdings are the seven stocks. "With US/China clearly on an accelerated path for a broader deal we believe new highs for the market and tech stocks are now on the table in 2025 as investors will likely focus on the next steps in these trade discussions which will happen over the coming months," Wedbush tech analyst Dan Ives said in a note this morning. Read more: The latest news and updates on Trump's tariffs Even before the latest trade news, the Mag 7 trade was climbing back into top form after a challenging stretch this year. The Roundhill Magnificent Seven ETF rallied 18% from the April 8 low ahead of Monday's opening bell. The gains reflect several items. First, earnings from tech megacaps such as Microsoft (MSFT) and Alphabet (GOOG, GOOGL) crushed estimates. These companies beat analyst earnings estimates by an average of 8% in the first quarter, according to data crunched by Barclays. The earnings outperformance quieted concerns that AI demand was slowing down due to the Trump administration's trade war. Meanwhile, growth for the big-cap tech players in the first quarter was impressive. Goldman Sachs data shows Mag 7 companies delivered 28% average earnings growth in the first quarter. The 493 other stocks in the S&P 500 delivered only 9% growth. The read-through here is that the Mag 7 will likely handily beat the broader S&P 500 in earnings growth this year. With valuations off their 2024 peaks, investors have reasoned it's a good time to nibble. Despite the snap-back rally, some pros continue to advise caution before going all in again on the Mag 7, given the economic uncertainty stemming from the trade war. "I do believe that diversification would work in this environment," Akoner added. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email Click here for in-depth analysis of the latest stock market news and events moving stock prices Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Tech Stocks Rally on US-China Trade Deal
Tech stocks popped in premarket trading Monday after news of a tariff reduction between the U.S. and China. Shares of all Magnificent Seven firms rose as the news offered relief to an uncertain market. Shares of chipmakers Marvell Technologies, Broadcom, Intel, and AMD also rose of tech firms surged in premarket trading Monday after the U.S. and China agreed to temporarily slash tariffs while they work out a long term deal. All of the Magnificent Seven stocks—Tesla (TSLA), Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Nvidia (NVDA), and Amazon (AMZN)—advanced along with global indexes on the de-escalation of the trade war with China. The Roundhill Magnificent Seven ETF (MAGS) was up 5% about an hour before the opening bell. Shares of chipmakers Marvell Technologies (MRVL), Broadcom (AVGO), Intel (INTC), and AMD (AMD) also rose sharply. Tech stocks had gotten hammered after President Donald Trump's "Liberation Day" tariff announcement in early April prompted one of the worst stock sell-offs in decades, with Apple shares losing 16% of their value in their worst 2-day stretch since September 2008. Read the original article on Investopedia Sign in to access your portfolio
CNBC
01-05-2025
- Business
- CNBC
Big Tech has completely reversed its April tariff sell-off and is boosting confidence on Wall Street
A strong pair of earnings reports from Microsoft and Meta Platforms appears to have reignited excitement around the artificial intelligence trade and may be, at least temporarily, pushing tariff worries from investors' minds. The postearnings rallies for both stocks helped push the Roundhill Magnificent Seven ETF (MAGS) back above its April 2 close, which occurred just before President Donald Trump brought out his tariff charts. The Technology Select Sector SPDR Fund (XLK) , which counts Microsoft as one of its biggest holdings, has also regained its pre-"liberation day" level. XLK 1M mountain This tech fund has fully recovered from its post-April 2 declines. "Investors were uplifted by the buoyant sales growth in Microsoft's cloud computing services, while reassured by Meta's pledge to become the 'AI leader,'" Deutsche Bank macro strategist Marion Laboure said in a note to clients. Those milestones still leave both funds down for the year, but they could create a sigh of relief among chart-focused traders. There is also some evidence that institutional investors are now dipping their toes back into the pool after scaling back during a volatile April, leaving it to short-covering hedge funds and retail to pick up the slack . "Coming into today, we had not seen significant long buying in single stocks from our largest longer duration investors (living in a 'buyers live higher' tape). However, the flow on our trading desk so far today has a different flavor and is more constructive," said a Goldman Sachs trading note on Thursday. That renewed confidence among the long-term crowd could be put to the test in the next 24 hours. Investors will be sorting through more tech results on Thursday evening, including Apple and Amazon . You can count Ritholtz Wealth Management CEO and CNBC Pro contributor Josh Brown among those who think the Microsoft breakout might be a unique success story rather than a harbinger for the rest of tech. On the economic front, a key U.S. jobs report will hit before the opening bell on Friday. This is the first federal payrolls report to include data from after April 2, and it follows weekly jobless claims and ADP private sector jobs data that came in worse than expected. — CNBC's Michael Bloom contributed reporting.
