Magnificent 7 Earnings Preview: What to Expect From the Tech Giants in Q2?

📆 19/07/2024 01:56 a. m.
📰 Investingcom

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Nasdaq 100 Noticias

Microsoft Corporation,Alphabet Inc Class A,Apple Inc

Stocks Analysis by Matthew Weller covering: Nasdaq 100, Microsoft Corporation, Alphabet Inc Class A, Apple Inc. Read Matthew Weller's latest article on Investing.com

“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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