News Formal

'Crowded' Megacap Trade in US Stocks Awaits Earnings Test

  • 📰 NEWSMAX
  • ⏱ Reading Time:
  • 33 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 71%

Megacap Новости

Next week's earnings reports from some of the market's biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report...

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year.

Additionally, the monthslong rally in stocks has made the index expensive relative to history at a time when rising Treasury yields are pressuring equity valuations. Disappointing earnings from the market’s heavyweights could give investors less reason to hold stocks. The performance of megacaps’ shares has diverged in 2024, after last year’s epic run. Tesla, which reports results on Tuesday, has seen its shares tumble about 40% in 2024 amid concerns about its electric vehicle business.

Six of the seven, excluding Tesla, are expected to post collective earnings growth of 42.1% in the first quarter, UBS strategists said on April 8.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 16. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Wall St Week Ahead 'Crowded' megacap trade in US stocks awaits earnings testNext week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

These 3 Stocks Have Reached Pivotal Turning Points - Here's How to Trade ThemStocks Analysis by Investing.com (Calogero Selvaggio) covering: Micron Technology Inc, Paramount Global Class B, Meta Platforms Inc. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

NFL Trade Rumors: Zach Wilson's Trade Market Waning Due to Contract, NeedNew York Jets quarterback Zach Wilson reportedly has no value in the trade market.
Источник: Newsweek - 🏆 468. / 52 Прочитайте больше »

Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »