Wall Street Analyst: Meta and Amazon Are Best Magnificent 7 Buys

In a CNBC interview on June 18, 2026, Mark Mahaney, Evercore ISI's head of internet research, went against the consensus and named Meta Platforms (NASDAQ:META) and Amazon (NASDAQ:AMZN) as his top buys within the Magnificent 7. He spoke on "Closing Bell Overtime" with host Liz Young and co-host Mike Santoli.

Recommendation Change

Mahaney did not announce an official rating change but expressed his personal view that Meta and Amazon are the best picks among the group.

Analyst's Rationale

Mahaney believes Meta and Amazon have stronger fundamentals compared to other Magnificent 7 members, making them less vulnerable to a potential slowdown. He did not elaborate on specific reasons but indicated the market may have overlooked their strengths.

Context

Mahaney's comments came after the Magnificent 7 stocks lagged the broader market recently. Other analysts have mixed views; some advocate diversifying away from the group, while others see the underperformance as a buying opportunity.

What to Make of It

Mahaney's recommendation reflects confidence in Meta and Amazon's ability to overcome current headwinds, but investors should consider tech sector risks and high valuations before making decisions.