Akins Backs Flat Mag 7 and Lagging Tech for 2H Gains as Nasdaq-100 Leads by 20%
Updated
Updated · CNBC · Jul 11
Akins Backs Flat Mag 7 and Lagging Tech for 2H Gains as Nasdaq-100 Leads by 20%
1 articles · Updated · CNBC · Jul 11
Summary
Mike Akins urged investors to add underperforming tech, software, cloud and disruptive-technology stocks for the second half, arguing many now pair lower valuations with strong growth prospects.
The catch-up case extends to the Magnificent Seven, which Akins called a sound trade after the group ran flat year to date at midyear while the Nasdaq-100 climbed nearly 20%.
Early second-half trading has started to support that view: the Magnificent Seven index is up 5% while the Nasdaq-100 is down 1% as of Friday's close.
Small- and mid-cap names are also part of his bullish view into 2027, with Akins saying depressed multiples could expand as earnings and revenue keep growing.
Russell 2000 performance already reflects that rotation, rising almost 20% this year versus about 11% for the broader S&P 500.