If You Can Only Buy One S&P 500 Stock in July, It Better Be One of These 3 Names

The Magnificent 7 have lost $1.11 trillion in market capitalization over the past five trading days as investors rotate away from them. Some of the capital moving away has likely gone into other, less overvalued S&P 500 stocks. "From the perspective of the Mag 7 names, we do see the potential for further declines over the near term without disrupting the uptrend that has been in place since early 2024," MarketWatch reported Janney strategist Dan Wantrobski's comments to clients on July 17. Let's examine one ...