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Mag 7, Software Stocks Set for Strong Second-Half Rebound, Says ETF Action

2026-07-11 15:13:43

US2000-0.42%

According to ETF Action co-founder Mike Akins on CNBC's ETF Edge this week, underperforming sectors including software, cloud computing, and small-cap stocks are poised for significant gains in the second half of 2026. Akins noted that the Magnificent Seven index fell more than 2% in the first half while the Nasdaq-100 gained nearly 20%, making Mag 7 an attractive catch-up trade. He also highlighted mid and small-cap companies as favorable opportunities, citing strong earnings growth estimates and historically depressed valuations. The Russell 2000 small-cap index has already gained nearly 20% year-to-date.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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