Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Eli Lilly & Co (NYSE:LLY), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), American Express Company (NYSE:AXP).
Industry description
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of global companies, which include both U.S. and foreign companies, and invests significantly (at least 40% – unless market conditions are not deemed favorable, in which case the fund would invest at least 30%) in foreign companies. It may invest in companies of any market capitalization, from large, well-established companies to small, emerging growth companies.
Market Cap
The average market capitalization across the Alger Global Equity Z MF is 1.06T. The market cap for tickers in the group ranges from 44.4B to 3.48T. NVDA holds the highest valuation in this group at 3.48T. The lowest valued company is MSCI at 44.4B.
Volume
The average weekly volume growth across all stocks in the Alger Global Equity Z MF was 55%. For the same stocks of the MF, the average monthly volume growth was 20% and the average quarterly volume growth was -7%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 84
P/E Growth Rating: 72
Price Growth Rating: 37
SMR Rating: 27
Profit Risk Rating: 18
Seasonality Score: 15 (-100 ... +100)