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Magnificent Seven stocks — which is comprised of Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) — are experiencing a deceleration in growth across their earnings. Nvidia is the next and final member of the group to report earnings this Wednesday, November 20.
Yahoo Finance acnhor Julie Hyman joins Asking for a Trend to compare the Mag 7's earnings growth compared to that of the rest of the S&P 500 (^GSPC), referring back to Solidarity Capital CEO Jeff McClean's comments to Yahoo Finance: "I think there's going to continue to be broadening with the rest of the S&P 493."
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This post was written by Luke Carberry Mogan.