Notable companies
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Meta Platforms (NASDAQ:META), VISA (NYSE:V).
Industry description
The investment seeks long-term capital appreciation.
The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and healthcare sectors.
Market Cap
The average market capitalization across the Alger Spectra I MF is 1.59T. The market cap for tickers in the group ranges from 11.04B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is NTRA at 11.04B.
Volume
The average weekly volume growth across all stocks in the Alger Spectra I MF was -22%. For the same stocks of the MF, the average monthly volume growth was 7% and the average quarterly volume growth was -38%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 80
P/E Growth Rating: 74
Price Growth Rating: 40
SMR Rating: 40
Profit Risk Rating: 28
Seasonality Score: -56 (-100 ... +100)