Valuations in Mag 7 are stretched, 'we want to look in other areas', says Wells Fargo's Scott Wren

Scott Wren, Wells Fargo Investment Institute senior global market strategist, joins 'Closing Bell Overtime' to talk the day's market action. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Instagram: cnb.cx/Instagr...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC on Threads: cnb.cx/threads
Follow CNBC News on X: cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: cnb.cx/WhatsAp...
www.cnbc.com/s...
#CNBC
#CNBCTV

[@davidtothemax1]

guy is down for past 18 months and is now claming victory after 1 day

[@mrshemminger]

lmao bingo

[@harrychu650]

If I had a dollar for every time one of these "pros" declared the demise of the mega caps.

[@weho_brian]

imagine being up 7% after being down 65%

[@willberry6434]

I love the panic after every down day

[@jonahware5396]

Hold on to your butts! Tomorrow probably going to ATHs!

[@bobbybrettel5422]

Wells Fargo 😂😂😂😂😂..... I'll take his Nvidia shares if he wants to get rid of them........what a loser......and his company also😅

[@damonkatos4271]

I give it a week or two and they’ll be back to Mag 7 hoopla.

[@jonathanbell9349]

Thanks for being so vague smh

[@natureboy915]

Bubble popped today

[@andrerodriguez7603]

😂

[@user-xr6zm8cx6r]

Cpi Trap Tom snp will be up and all mega 7 up

[@Amite-zg2ob]

When they just can't shrink their products anymore (shrinkflation) wouldn't it follow that we would have prices surging again?