1 week Ago By Kaustubh Bagalkote
As tech stocks experienced significant volatility following President Donald Trump ‘s tariff announcements, some investment firms view the pullback as a buying opportunity for select Magnificent 7 companies. What Happened : Alexander Morris , CEO of F/m Investments , told Reuters his firm capitalized on recent price dislocations by adding shares of Apple Inc. AAPL and Meta Platforms Inc.
META . “We have long been investors in the Mag 7 — not all of them, but a handful of them — and you’ll see us more into some Apple, which seems to be at a discount,” Morris said. “We picked up some Meta, which seemed to have done well.
” The tech sector has faced substantial pressure recently. Apple shares have plunged 21.91% year-to-date, while Meta has fallen 8.
84%, according to data from Benzinga Pro , with both experiencing sharp declines following Trump’s initial tariff announcements. Markets staged a historic rally Wednesday after Trump paused tariffs for 90 days on non-retaliating countries while maintaining 145% duties on China . See Also: Bitcoin, Ethereum, Dogecoin Tumble As Trump Ups China Tariffs, Scraps IRS Rule In Nod To Crypto Voters: Rising Yuan Could Boost Altcoins, Says Analyst Why It Matters : Treasury Secretary Scott Bessent had attributed the market downturn to overvalued technology stocks rather than trade policy, telling the Tucker Carlson Podcast it was “more a MAG Seven problem than a MAGA one.
” Despite recent volatility, Morris advocates for maintaining disciplined portfolio allocations through market fluctuations. “Every time someone declares the death of the 60-40 portfolio, it comes roaring back,” Morris noted. “Whether 60-40 or 70-30, investors need to choose that level and stick with it until some life events change, understanding that they will balance out.
” Morris emphasized timing challenges: “Most of the annual return only happens in a handful of days a year, but you have to be around the entire year to get those days.” Read Next: Obama-Era Economist Jason Furman Says Trump Tariffs ‘Now Higher & More Inflationary' Than Announced: Raising China Levies Outweighs 90-Day Delay On Others Image via Shutterstock Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock – anytime.
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