The 'Magnificent 7' are dying, and Wall Street is pretty happy about it | Fortune
Concentration in the Magnificent Seven tech stocks is easing, prompting a rotation into non-tech S&P 500 components and reducing single-stock index risk.
Trim concentrated tech holdings and rotate gains into safer ETFs due to rising liquidity risk and increased downside potential for semiconductor and mega-cap tech ETFs.
Here Are Thursday's Top Wall Street Analyst Research Calls: AbbVie, AppLovin, Autozone, Booking Holdings, CoreWeave, DoorDash, and More
Dow hits record high while rotation from high-valuation tech to other stocks continues; Nasdaq and small caps lag amid falling Treasury yields and oil weakness.