Big Money Is Buying Big Tech

By TradeSmith Editorial Staff

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Move over FAANG (Facebook, Amazon, Apple, Netflix, and Google), there’s a new catchy stock nickname in town – the “Magnificent Seven.”

They are the seven stocks that have dominated the market since the start of 2023 with double-digit or triple-digit returns (all percentages are as of this writing):
  • Apple Inc. (AAPL): Up 43.33%
  • Meta Platforms Inc. (META): Up 116.88%
  • Tesla Inc. (TSLA): Up 110.05%
  • Nvidia Corp. (NVDA): Up 169.76%
  • Alphabet Inc. (GOOGL): Up 39.36%
  • Inc. (AMZN): Up 43.67%
  • Microsoft Inc. (MSFT): Up 36.16%
And you can see above that the Magnificent Seven are concentrated in tech, with some generating those super-charged returns from the new boom in artificial intelligence (AI) interest.

With the beating tech stocks took last year and with all of the uncertainty still out there, it may seem surprising that these stocks would be turned to as the new “safety nets.”

But it doesn’t surprise Jason Bodner, the inventor of the Quantum Edge system.

Jason has kept pounding the table about tech, as it just kept topping his Sector Rankings from his Quantum Edge system over the last several months:

Of course, you should never invest in something just because of a catchy nickname…

Instead, you need real-time data to separate the noise from what’s really important and to find the companies that deserve your hard-earned money.

Through Jason’s system, he’s able to see real-time data on what Big Money thinks about these stocks. And when some of the most successful minds in finance are pouring money into a stock, you can follow those signals and profit right along with the Big Money.

Today, I wanted to share the signals popping up for Apple, Meta, Tesla, Nvidia, Alphabet, Amazon, and Microsoft.

The ‘Buy Signals’ on the Magnificent Seven

Let’s start with Apple:

The AAPL stock price recently reached a 52-week high, and there has been a lot of buzz about the company’s new “mixed-reality” headset.

Jason recently shared his thoughts about that here.

Turning our attention to Mark Zuckerberg’s company, we see the same amount of buy signals:

For Tesla, it has had fewer buying signals, but you can also see that the stock price has been rallying in conjunction with a fresh round of Big Money buys:

The Nvidia stock price has looked like a rocket ship since the start of 2023, now up nearly 171% as of this writing, and has had similar amounts of buy signals as Apple and Meta:

Jason has covered what to make of Nvidia, as well as another AI stock to put on your radar, here.

While not receiving as much attention as some of the other stocks mentioned, May was a “sea of green” in buy signals for Alphabet in Jason’s system:

Amazon has had the same amount of buy signals as Alphabet, and you can see that the stock prices of both have started to tick higher:

And last but not least, that leads us to Microsoft:

Although it may be tempting to buy “shiny” AI stocks that most people never heard of, Jason says owning most of those will not amount to anything more than a lottery ticket would. And we all know the likelihood of becoming millionaires from that.

Instead, you want to focus on the companies that have a history of leading the charge in new innovation… with current products and services that utilize AI in the here and now.

Microsoft fits that bill.

When you put everything together, all these signals make it clear: The “Magnificent Seven” is more than just a new nickname or buzzword… Big Money is showing its confidence in big tech through an influx of investing.