3 Magnificent 7 Stocks to Consider as the Tech Selloff Intensifies

The soft jobs report has fueled recession fears. As a result, several major Wall Street banks are calling for the U.S. Federal Reserve to lower its key interest rate by as much as 50 basis points in September, which could further impact the Magnificent 7 stocks.Citi (NYSE:C) released a note indicating that the risk of a recession has led to a significant drop in two-year Treasury yields, reaching the lowest levels of the year. The market now expects rate cuts exceeding 75 bps this year. Citi’s analysis poin ...