Mega-Cap Tech Earnings Loom: A Week Before Elections, Investors Brace for Impact

The big tech companies, or the so-called Mega-cap 7, do not report their Q3 ’24 financial results until Halloween week:market cap and earnings weight that will all get reported in a 72 hour time span at the end of October, just a week before the Presidential election.

There have only been 75 companies reporting Q3 ’24 to date. The EPS upside surprise is +6.4%. That’s still a little lower than Q2 ’24 at +8%, but still healthy.It’s the last week of the month where we get the big mega-caps reporting so we have another week to bide our time, and watch the action. JPMorgan is having a tough time making a new all-time high, despite it’s good quarter. There is still a wet blanket over the major banks as net interest income is expected to be lower in calendar ’25.) was that they guided ’25 revenue to be between $43 – $44 billion, or inline with the current consensus estimate of $43.5 billion, the surprise being they are giving that guidance 90 days ahead of their Q4 ’24 financial release, which is when investors and analysts usually get next years guidance.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Could Mega-Cap Tech Stocks Catch Up to S&P 500 This Week?Stocks Analysis by Brian Gilmartin covering: S&P 500, Oracle Corporation, Alphabet Inc Class A, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Earnings guide: Here's what to expect from the 'Mag 7' ahead of third-quarter earningsMegacap tech has powered the two-year bull market. But the stocks have come under pressure as Wall Street wonders whether they have more room to run.
Source: CNBC - 🏆 12. / 72 Read more »

Big-cap bull market turns two, leaving small-cap stocks further behindIn exasperation, small cap enthusiasts have turned to ETFs that exclude unprofitable companies altogether, and those funds have been attracting inflows.
Source: CNBC - 🏆 12. / 72 Read more »

Race to $4 trillion Big Tech market cap underway, Wedbush saysRace to $4 trillion Big Tech market cap underway, Wedbush says
Source: Investingcom - 🏆 450. / 53 Read more »

US stock futures stable after tech losses; earnings in focusUS stock futures stable after tech losses; earnings in focus
Source: Investingcom - 🏆 450. / 53 Read more »