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Market expert Jay Woods swaps Tesla for Nvidia as top Magnificent Seven stock pick for late 2026.

Analyst Insights
01 Jul 2026
Benzinga
View Source
Bullish
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Jay Woods, Chief Market Strategist at Freedom Capital Markets, updated his favorite Magnificent Seven stocks mid-2026, replacing Tesla with Nvidia. Woods remains bullish on Alphabet, citing its strong fundamentals and prefers it over Verizon in the Dow Jones Industrial Average. He exited Tesla after it fell below $420, expressing caution despite merger rumors with SpaceX. Nvidia's recent price weakness presents a buying opportunity, supported by strong revenue growth and solid fundamentals. Woods views Alphabet and Nvidia as core holdings with longevity, while Apple is seen as a longer-term growth play.

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