The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs

Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.

Meta Platforms, Alphabet, and Amazon outperformed expectations with sales growth of 27%, 15%, and 13% respectively, leading to year-to-date share price increases of 34%, 25%, and 21%. These gains reflect a stronger market performance for these companies relative to some of their peers. The report added that wide dispersion in performance highlights the diverse challenges and opportunities faced by these industry leaders.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Infosys Q4 Earnings: Profit Jumps 30% YoY, Goldman Sachs Cuts TPInfosys Q4 Earnings: Profit Jumps 30% YoY, Goldman Sachs Cuts TP
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs is strong, Netflix raises questions: What we learned from earnings this weekEarnings from major banks, as well as UnitedHealth Group and Netflix, kicked off what could be a rocky earnings season.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs: An Easier Fed Could Unleash a Lot of Earnings PowerStocks Analysis by Brian Gilmartin covering: Nasdaq 100, S&P 500, Citigroup Inc, Goldman Sachs Group Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs likes these stocks that are growing profitablyWith the stock market's profitability near all-time highs, these names could see big growth over the next 12 months.
Source: CNBC - 🏆 12. / 72 Read more »