“Magnificent Seven” earnings growth is expected to slow for the second straight quarter, whereas the “Other 493” stocks will see positive earnings growth this quarter.
The Nasdaq 100 is in a precarious technical position after breaking below a near-term bullish trend line and slipping below the $20K level.
Below, we highlight the earnings dates and the market’s expectations for each of the Magnificent Seven stocks in order of their reporting dates:Microsoft – July 30. EPS expected at $2.90.is in a precarious position. The tech-heavy index, which features a nearly 50% allocation to the “Magnificent Seven” stocks, has just broken below a near-term bullish trend line and slipped below the $20K level.
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