Earnings guide: Here's what to expect from the 'Mag 7' ahead of third-quarter earnings

As earnings season kicks into high gear, investors are keeping an especially close eye on the Magnificent Seven 's quarterly results. The group of mega-cap tech names — Apple , Microsoft , Alphabet , Nvidia , Tesla , Meta Platforms and Amazon — has been the powerhouse of the two-year bull market rally. The Roundhill Magnificent Seven ETF , for example, which tries to replicate their performance, is up about 42% this year versus 22% for the S & P 500.

The stock is now down more than 11% for all of 2024 as Elon Musk's company faces stiffer competition in the U.S. auto market from other EV makers such as Rivian, traditional carmakers like Ford and General Motors and commercial robotaxi operators. Rapid innovation in China's EV market has also threatened Tesla's international growth story. Most analysts surveyed by FactSet are shaky on Tesla, with roughly 41% rating the stock a buy and the remainder a hold or sell.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Biotech stocks: Morgan Stanley previews the sector's third-quarter earnings seasonBiotech stocks: Morgan Stanley previews the sector's third-quarter earnings season
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

These Are the Top 3 Tech Companies to Bet on Ahead of Q3 Earnings SeasonStocks Analysis by Investing.com (Alessandro Bergonzi) covering: Amazon.com Inc, NVIDIA Corporation, Broadcom Inc, Meta Platforms Inc. Read Investing.com (Alessandro Bergonzi)'s latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

US Stock Futures Point Lower Ahead of Bank EarningsUS stock futures dipped on Friday as investors awaited earnings reports from major banks like JPMorgan Chase and Wells Fargo, while also analyzing recent inflation data. The previous session saw the main averages decline following Labor Department figures revealing higher-than-expected price growth in September.
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

US stock futures lower; CPI and earnings ahead this week - what's moving marketsUS stock futures lower; CPI and earnings ahead this week - what's moving markets
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Goldman Sachs says these stocks are a table-pounding buy ahead of earningsGoldman Sachs says these are the best positioned stocks ahead of earnings.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »