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FNGS / FNGS: Time To Sell The Magnificent Seven

The 'magnificent seven' tech stocks, including Apple, Microsoft, Google, Amazon, Tesla, Meta, and Nvidia, have significantly outperformed the market in 2023, with the MicroSectors FANG+™ Exchange Traded Notes up over 63%. The concentration of market gains in these few names indicates an unhealthy market. Investors should consider selling FNGS now, as poor market breadth and elevated interest rates could lead to a risk-off move in the near future. Read More

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Posted: Jun 1 2023, 08:15

Author Name: Seeking Alpha

FNGS News

By Seeking Alpha
October 23, 2023

FNGS: Increasingly Vulnerable

MicroSectors™ FANG+™ ETN offers exposure to the NYSE FANG+ Index, consisting of 10 highly liquid stocks. FANG stocks are no longer outperforming t

By Seeking Alpha
August 7, 2023

MicroSectors FANG+ ETN: Stick With Strength

The MicroSectors FANG+ ETN offers investors pure play exposure to big tech companies like Microsoft, Apple, Google, Meta, and Amazon. These companies

By Seeking Alpha
June 1, 2023

FNGS: Time To Sell The Magnificent Seven

The 'magnificent seven' tech stocks, including Apple, Microsoft, Google, Amazon, Tesla, Meta, and Nvidia, have significantly outperformed the market i

By Zacks Investment Research
May 15, 2023

FANG ETF (FNGS) Hits New 52-Week High

For investors seeking momentum, MicroSectors FANG+ ETN FNGS is probably on radar. The fund just hit a 52-week high and is up 55% from its 52-week low

By Seeking Alpha
April 6, 2023

FNGS: Mega-Cap Fund Up 40% This Year

The MicroSectors FANG+ Exchange Traded Notes are linked to the performance of the NYSE FANG+ Index. FNGS gives you equal weighted exposure to the 10

By ETFcom
April 3, 2023

Best and Worst Performing ETFs of the Year

2023 is shaping up to be a very different year than 2022.

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