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Earnings growth in S&P 500 to broaden beyond Mag 7: Wells Fargo

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Earnings Growth Notizia

Seana Smith,S&P 500

A new chart from Wells Fargo shows the potential rebalancing of earnings growth in the S&P 500 (^GSPC). Seana Smith joins Asking for a Trend to give a closer...

Wells Fargo notes that earnings growth will broaden beyond the"Magnificent 7." They also expect to see more broadening in participation and profitability outside of tech and communication services. As the S&P 500 and Nasdaq -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.

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