In the late stages of July and into the early part of this month, previously high-flying growth stocks were repudiated in a big way. The good news is that the sell-off could prove to be a buying opportunity in select growth equities and related ETFs.
July saw a notable shift in U.S. equities. The Magnificent 7 tech sell-off drove a divergence between mega-cap growth stocks and the more value-oriented and smaller large-cap segment of the market.
By Coulter Regal, CFA, Product Manager As U.S. equities climbed, Morningstar's Moat Index kept its value bias, offering a diversifier from concentration risk and the SMID Moat Index shifted from tech to materials and utilities as it seeks valuation opportunities. U.S.
Being an equity growth investor has been a rewarding experience in the past year. Whether you've focused on the Magnificent 7, or the Fabulous 5, or just bought the Invesco Nasdaq 100 ETF (QQQ) – one of the most popular ETFs so far in 2024 – it has been your friend.