Congressman Taylor Ditches 2 Magnificent Seven Stocks For Blue Chips - Home Depot (NYSE:HD)

A congressman ditches some Magnificent Seven stocks to buy some blue-chip, high dividend yield stocks.

martedì 2 giugno 2026 New tab

TL;DRAI

Rep. David Taylor sold $15k–50k in Alphabet and Apple (May 15), buying Home Depot (3% yield) and AT&T (4.5%), rotating from Magnificent Seven tech stocks to dividend blue chips yielding 10–15x more. The rotation away from mega-cap growth tech signals valuation caution; tech leaders watch such patterns as market sentiment indicators for M&A timing and budget positioning.

527 words~2 min read

The trading activity of members of Congress continues to be closely monitored by investors, especially when the moves include Magnificent Seven or large technology stocks. One member of Congress recently sold some Magnificent Seven stocks.

• Home Depot stock is showing downward pressure. What should traders watch with HD?

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Congressman Switches Things Up

Rep. David Taylor (R-Ohio) recently disclosed multiple trades made on May 15, which can be tracked on the Benzinga Government Trades page.