McMahon: AAPL iPhone Duo Adds Mag 7 Muscle, Likes MSFT & GOOGL

In an interview on Schwab Network, Chris McMahon, President and CEO of Aquinas Wealth Advisors, discussed the recent cooling in the technology sector, framing it as a healthy and necessary consolidation rather than a structural downturn. McMahon highlighted that despite recent pullbacks, select Magnificent Seven mega-cap technology stocks offer attractive upside, singling out Apple, Microsoft, and Alphabet as the most undervalued names in the group. He pointed to Apple's latest hardware and software innovation cycle, including folding devices and premium phone tiers, as a catalyst capable of re-accelerating consumer demand and supporting earnings growth. Beyond mega-cap software and consumer tech, McMahon dismissed fears of an AI capital expenditure slowdown, arguing that AI data center buildouts will accelerate, heavily benefiting industrial suppliers like Caterpillar and Deere, as well as storage providers. Macro risks such as rising bond yields and elevated crude oil prices remain concerns; however, McMahon maintains that strong underlying earnings and potential geopolitical stabilization could spark a broad equity rally into the year-end.