Notable companies
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY), Unitedhealth Group (NYSE:UNH), Mastercard (NYSE:MA).
Industry description
The investment seeks long term growth of capital.
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets outside the United States, including in developing countries.
Market Cap
The average market capitalization across the American Funds New Economy R4 MF is 1.1T. The market cap for tickers in the group ranges from 91.72B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is MELI at 91.72B.
Volume
The average weekly volume growth across all stocks in the American Funds New Economy R4 MF was 132%. For the same stocks of the MF, the average monthly volume growth was -5% and the average quarterly volume growth was 3%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 75
P/E Growth Rating: 58
Price Growth Rating: 33
SMR Rating: 39
Profit Risk Rating: 18
Seasonality Score: 20 (-100 ... +100)