Written by Joey Frenette at The Motley Fool Canada
You’ve probably heard a lot about the so-called “Magnificent Seven” stocks in recent years. In fact, you’re likely to hear one of the names in the cohort being talked about ad nauseam by the folks on television. They’ve been powering big market gains in the U.S.
Whether it’s their massive network effects or their impressive generative artificial intelligence (AI) plans, it’s hard to beat the market if you’re not in the names. Indeed, the main reason why the S&P 500 and Nasdaq 100 indices have left the TSX Index behind this year has been the Magnificent Seven members. Indeed, these massive (and in many cases multi-trillion-dollar) mega-cap technology firms can only be found in America.
The Magnificent Seven are truly wonderful. But Canada also has magnificent names of its own!
Though Canadians can easily obtain exposure by swapping their loonies…
