During the bull market of 2023, the “Magnificent Seven” stocks have dominated financial media coverage, and rightly so. There is no question that this group of companies has been performing very well in their core businesses and analysts expect the good times to continue. But investors might want to gain exposure to other important “quality” tech-related names. Josh West, who co-manages the Buffalo Mid Cap Fund BUFMX with Doug Cartwright, listed seven companies focused on providing tech-related information services, during an interview with MarketWatch.
The Buffalo Mid Cap Fund is rated four stars (out of five) within Morningstar’s “Mid Growth” fund category. The fund invests in companies whose market capitalizations are within the range tracked by the Russell Mid Cap Growth Index
XX:RMCCG
— from roughly $1 billion to $75 billion. West said he generally looks at companies with market caps of at least $3 billion, up to the top range of the index. The median market cap for the fund’s holdings is $18 billion and the weighted average is $28 billion he said. “Midcaps are an interesting part of the market. You have companies that have proven out their business model but have a lot of room to run,” he said. The fund’s midcap focus provides a broadening of exposure beyond the large-cap S&P 500
SPX,
which itself is highly concentrated in the large …
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The Buffalo Mid Cap Fund is rated four stars (out of five) within Morningstar’s “Mid Growth” fund category. The fund invests in companies whose market capitalizations are within the range tracked by the Russell Mid Cap Growth Index
XX:RMCCG
— from roughly $1 billion to $75 billion. West said he generally looks at companies with market caps of at least $3 billion, up to the top range of the index. The median market cap for the fund’s holdings is $18 billion and the weighted average is $28 billion he said. “Midcaps are an interesting part of the market. You have companies that have proven out their business model but have a lot of room to run,” he said. The fund’s midcap focus provides a broadening of exposure beyond the large-cap S&P 500
SPX,
which itself is highly concentrated in the large …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]