**Elite Screen Features One Impressive Mag 7**

Market Optimism Surges as Job Market Booms, Rate Cut Hopes Dwindle

In a surprising turn of events, the tech giants, including Nvidia, failed to make the cut for the top mutual funds’ new buys in October. Meanwhile, Meta Platforms emerged as the sole representative of the Magnificent Seven, although it didn’t quite make it to the top of the list.

The real winners, however, were Walmart, Broadcom, and Ameriprise Financial, which saw significant investments from top fund managers. Ameriprise Financial, a leading provider of financial planning and brokerage services, raked in an impressive $1.5 billion, making it the only stock to breach the billion-dollar mark.

Other notable investments included Trinity Industries, Carlisle, Hasbro, and Progressive, which all saw capital inflows exceeding $100 million. These investments demonstrate the diverse range of interests among top fund managers.

Despite being outshone by Broadcom’s $194 million investment, Meta Platforms still managed to attract an estimated $35 million worth of investments from top funds. The company’s recent all-time high and strong relative strength line have likely contributed to its appeal.

To explore the complete list of new buys and sells by top funds, click the link below.

Author

Leave a Reply

Your email address will not be published. Required fields are marked *