The so-called ‘Magnificent Seven’ have been the main drivers of the record highs that the S&P 500 index has recently reached. And while some stocks in this group may seem a bit overvalued, there are some that can still make solid investments. In this video, Fool.com contributor Matt Frankel, CFP®, reveals the two Magnificent Seven stocks he owns and which one he would be most confident buying right now.
*The stock prices used were the morning prices of June 24, 2024. The video was published on June 25, 2024.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, a director at Alphabet, is a member of The Motley Fool’s board of directors. Matt Frankel has positions at Amazon. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool holds positions in and recommends Alphabet and Amazon. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may receive compensation for promoting their services. If you choose to subscribe through their link, they will earn some additional money to support their channel. Their opinions remain their own and are not influenced by The Motley Fool.
Here’s the One “Magnificent Seven” Stock I’d Buy Right Now, originally published by The Motley Fool
